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Chatwork Co.Ltd.
(4448)
Chatwork Co.Ltd. (4448) vs. iShares MSCI Japan ETF (EWJ)
Chatwork Co.Ltd. Business Overview & Revenue Model
Chatwork Co.Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.01B | 9.53B | 8.47B | 6.49B | 4.59B | 3.37B |
| Gross Profit | 6.16B | 6.60B | 5.84B | 4.14B | 3.19B | 2.38B |
| EBITDA | 719.39M | 1.04B | -741.13M | -305.22M | -540.93M | -592.73M |
| Net Income | -1.21B | 215.05M | -1.17B | -620.00M | -678.53M | -708.40M |
Balance Sheet | ||||||
| Total Assets | 5.98B | 6.68B | 6.11B | 6.27B | 5.40B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 3.30B | 3.46B | 2.91B | 2.10B | 2.85B | 3.20B |
| Total Debt | 1.04B | 931.93M | 1.16B | 1.38B | 865.50M | 467.50M |
| Total Liabilities | 4.30B | 4.68B | 4.52B | 3.88B | 2.53B | 1.77B |
| Stockholders Equity | 1.68B | 2.00B | 1.60B | 2.48B | 2.83B | 3.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 896.86M | 886.76M | 468.00M | -691.61M | -784.56M |
| Operating Cash Flow | 0.00 | 937.86M | 1.48B | 469.54M | -283.68M | -475.25M |
| Investing Cash Flow | 0.00 | -585.82M | -650.12M | -1.45B | -517.08M | -840.21M |
| Financing Cash Flow | 0.00 | -156.69M | -14.59M | 236.94M | 450.97M | 2.67B |
Chatwork Co.Ltd. Technical Analysis
Chatwork Co.Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥19.16B | 16.27 | ― | 3.14% | 0.50% | -2.92% | |
74 Outperform | ¥6.53B | 23.92 | ― | 0.57% | 21.03% | 32.29% | |
68 Neutral | ¥6.94B | 17.25 | ― | ― | 11.32% | ― | |
66 Neutral | ¥4.80B | 13.11 | ― | ― | 7.60% | 19.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ¥11.71B | 54.38 | ― | ― | 14.63% | -760.87% | |
48 Neutral | ¥3.44B | -2.01 | -282.36% | ― | -8.32% | 71.98% |
Chatwork Co.Ltd. Corporate Events
Kubell Co., Ltd. has announced the slate of director candidates to be submitted for approval at its 22nd Ordinary General Meeting of Shareholders scheduled for March 25, 2026, signaling continuity in its top management. Representative Director, President, Senior Executive Officer and CEO Masaki Yamamoto, CFO Naoki Inoue and COO Shoji Fukuda are all up for reappointment, alongside outside independent director Tomohiro Miyasaka, underscoring the company’s preference for stability at the executive level.
The company also proposed the reappointment of outside independent director Akiko Kumakura as a full-time Audit and Supervisory Committee member, maintaining a governance structure with multiple independent directors overseeing audit functions. If approved, the post-meeting board will comprise a mix of internal executives and outside independent audit committee members, reinforcing Kubell’s corporate governance framework and potentially supporting investor confidence in oversight and accountability.
The most recent analyst rating on (JP:4448) stock is a Hold with a Yen333.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
Kubell Co., Ltd. has resolved at its Board of Directors meeting to propose a partial amendment to its Articles of Incorporation at the 22nd Ordinary General Meeting of Shareholders on March 25, 2026. The effective date of the amendment is scheduled for the same day, aligning governance changes with shareholder approval.
The amendment adds electronic payment services to the company’s stated business purposes in Article 2, reflecting an intention to expand and diversify its business domains. This move positions Kubell to formally enter and develop operations in the electronic payments field, potentially enhancing its competitiveness and opening new revenue streams within the growing digital financial services market.
The most recent analyst rating on (JP:4448) stock is a Hold with a Yen333.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
Kubell Co., Ltd. has approved the issuance of 174,282 new common shares as restricted stock compensation to 60 employees, with a total value of ¥52,458,882 and an issue price of ¥301 per share, matching the latest market close to avoid favorable treatment. The move introduces a formal restricted stock plan that ties employee compensation to equity performance, with transfer restrictions and potential forfeiture designed to retain talent and align staff incentives with long-term corporate and shareholder value.
Under the plan, employees contribute monetary compensation claims in kind to receive shares subject to a restriction period running from April 15, 2026 to March 2029, during which transfers and pledges are prohibited. Transfer restrictions are lifted only if recipients remain with Kubell or its consolidated subsidiaries, or in certain justified cases such as term expiry or restructuring, reinforcing retention while giving the board flexibility to adjust vesting if major corporate actions like mergers or share exchanges occur.
The company will automatically acquire without consideration any shares whose restrictions are not removed by the end of the period or upon earlier departure, effectively making the stock a performance- and service-conditional incentive. By setting the issue price at the prior day’s closing market level, management underscores that the program is designed as a governance-aligned, market-based incentive rather than a discounted equity grant, potentially strengthening investor confidence in Kubell’s compensation and capital management policies.
The most recent analyst rating on (JP:4448) stock is a Hold with a Yen333.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
kubell Co., Ltd. reported that, despite revising its initial forecast, it successfully met its updated guidance for the fiscal year ended December 2025, with profits significantly outperforming expectations and BPaaS domain revenue surpassing JPY 1.0 billion. The BPaaS business, launched in 2023, has grown into a second core pillar alongside Chatwork, while the company guides for at least 13% year-on-year revenue growth and EBITDA of JPY 1.5 billion or more in FY2026, underpinned by a renewed acceleration in revenue growth and an increasingly important M&A strategy supported by accumulated expertise and execution capacity.
The most recent analyst rating on (JP:4448) stock is a Sell with a Yen406.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
Kubell Co., Ltd. reported strong financial results for the fiscal year ended December 31, 2025, with revenue rising 12.5% year on year to ¥9.53 billion and EBITDA surging 60% to ¥1.37 billion. The company swung back to profitability, posting operating profit of ¥485 million and profit attributable to owners of the parent of ¥215 million, compared with a loss in the previous year.
Profitability metrics improved markedly, with return on equity climbing to 12.0% and the equity ratio strengthening to 29.9% as net assets increased to ¥1.99 billion. Despite the improved earnings, Kubell maintained a zero-dividend policy for 2025 and forecasts further top-line and EBITDA growth in 2026, signaling a continued emphasis on reinvestment and balance sheet reinforcement rather than shareholder payouts in the near term.
The most recent analyst rating on (JP:4448) stock is a Sell with a Yen406.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
Kubell Co., Ltd. reported full-year results for the fiscal year ended December 31, 2025 that modestly exceeded its revenue forecast and significantly outperformed expectations for operating and ordinary profit, as well as profit attributable to owners of parent. Supported by revenue growth and tight cost control, profit attributable to owners of parent rose to JPY 215 million from a previously projected JPY 75 million, lifting basic earnings per share to JPY 5.14 and marking a sharp recovery from a loss in the prior year.
The company also booked extraordinary items at the non-consolidated level, reversing earlier allowances for loss on guarantees and on the business of subsidiaries after financial conditions at kubell partner Co., Ltd. improved. At the same time, Kubell recognized an extraordinary loss through a JPY 1,004 million allowance for doubtful accounts on receivables from kubell partner Co., Ltd. and kubell storage Co., Ltd., with these non-consolidated items eliminated in consolidation and therefore having no impact on consolidated earnings.
The most recent analyst rating on (JP:4448) stock is a Sell with a Yen406.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
Kubell Co., Ltd. will acquire the remaining 49% stake in its consolidated subsidiary kubell storage Co., Ltd., turning the cloud storage operator—originally a joint venture with StartiaRaise—into a wholly owned subsidiary as of January 1, 2026, to enable faster decision-making and more flexible allocation of management resources in a rapidly changing business environment. In tandem, Kubell has entered a business alliance with the Startia Holdings Group, aiming to combine Chatwork’s platform and BPaaS capabilities with Startia’s SME-focused IT infrastructure customer base and business-specific SaaS solutions to deliver more comprehensive digital transformation services for SMEs, expand the customer base, and strengthen both groups’ position in the BPaaS market, although the direct impact on Kubell’s near-term consolidated revenue is expected to be limited.
The most recent analyst rating on (JP:4448) stock is a Hold with a Yen364.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.
kubell Co., Ltd. announced a change in its senior executive officer lineup, with Senior Executive Officer and Chief Human Resources Officer (CHRO) Masaaki Tobimoto scheduled to retire effective December 31, 2025. Following this retirement, the company has set out an updated executive officer structure effective January 1, 2026, maintaining clear leadership roles across core functions including CEO, CFO, COO, business, product, HR, corporate, and corporate planning divisions, signaling continuity and stability in the management structure despite the leadership transition in human resources.
The most recent analyst rating on (JP:4448) stock is a Hold with a Yen364.00 price target. To see the full list of analyst forecasts on Chatwork Co.Ltd. stock, see the JP:4448 Stock Forecast page.