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Chatwork Co.Ltd.
(4448)
Select Model
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Rating:63Neutral
Price Target:
¥325.00
▲(16.91% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by the 2025 financial turnaround and strong recent cash flow generation, which improves flexibility. Technicals add moderate support with price above key short/mid-term moving averages and positive MACD, but the below-200DMA position limits the trend score. Valuation tempers the overall rating given the relatively high P/E alongside a history of earnings volatility.
Positive Factors
Cash generation
Consistent positive free cash flow in 2024–2025 provides durable internal funding for product development, customer acquisition and debt reduction. Reliable cash generation reduces reliance on external financing and supports execution of long-term SaaS growth initiatives and margin stability.
Negative Factors
Earnings volatility
Recurring swings from profit to loss over several years indicate unpredictable operating leverage and execution risk. Persistent volatility complicates long-term planning, makes forecasting cash available for growth harder, and raises the bar for demonstrating a durable earnings trajectory to stakeholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive free cash flow in 2024–2025 provides durable internal funding for product development, customer acquisition and debt reduction. Reliable cash generation reduces reliance on external financing and supports execution of long-term SaaS growth initiatives and margin stability.
Read all positive factors
Chatwork Co.Ltd. (4448) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.84B
Dividend YieldN/A
Average Volume (3M)91.44K
Price to Earnings (P/E)28.6
Beta (1Y)0.73
Revenue Growth12.68%
EPS GrowthN/A
CountryJP
Employees658
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)10.52
Shares Outstanding42,643,353
10 Day Avg. Volume85,590
30 Day Avg. Volume91,436
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)8.02
Price to Sales (P/S)1.68
P/FCF Ratio17.88
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)12.3
Revenue Forecast (FY)¥11.82B
Chatwork Co.Ltd. Business Overview & Revenue Model
Company Description
Operating within Japan, kubell Co., Ltd. delivers business communication solutions primarily focused on chat. The company's activities are organized into two distinct divisions: Chatwork and Security. The Chatwork division provides a comprehensive...
How the Company Makes Money
Chatwork primarily makes money through providing its Chatwork platform as a subscription-based software service (SaaS). Revenue is generated when business customers pay recurring fees to use the service (typically tied to paid plans with additiona...
Chatwork Co.Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.88B | 9.53B | 8.47B | 6.49B | 4.59B | 3.37B |
| Gross Profit | 7.00B | 6.60B | 5.84B | 4.15B | 3.20B | 2.38B |
| EBITDA | 1.22B | 1.03B | -741.13M | -390.27M | -540.93M | -592.73M |
| Net Income | 441.57M | 215.05M | -1.17B | -620.44M | -678.53M | -696.19M |
Balance Sheet | ||||||
| Total Assets | 6.37B | 6.68B | 6.11B | 6.27B | 5.39B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 3.07B | 3.46B | 2.91B | 2.10B | 2.85B | 3.20B |
| Total Debt | 718.21M | 931.93M | 1.16B | 1.38B | 865.50M | 467.50M |
| Total Liabilities | 4.21B | 4.68B | 4.52B | 3.85B | 2.53B | 1.77B |
| Stockholders Equity | 2.16B | 2.00B | 1.60B | 2.42B | 2.79B | 3.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 896.86M | 1.47B | 469.07M | -295.67M | -479.88M |
| Operating Cash Flow | 0.00 | 937.86M | 1.48B | 469.83M | -283.68M | -475.25M |
| Investing Cash Flow | 0.00 | -585.82M | -650.12M | -1.45B | -517.08M | -786.31M |
| Financing Cash Flow | 0.00 | -156.69M | -14.59M | 236.94M | 450.97M | 2.61B |
Chatwork Co.Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥5.51B | 30.63 | ― | ― | 6.84% | -67.70% | |
71 Outperform | ¥19.58B | 18.91 | ― | 3.14% | -2.50% | -17.10% | |
68 Neutral | ¥6.46B | 14.42 | ― | ― | 23.42% | 457.78% | |
66 Neutral | ¥6.36B | 23.63 | ― | 0.57% | 32.11% | -0.12% | |
63 Neutral | ¥12.84B | 28.61 | ― | ― | 12.68% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4448
Chatwork Co.Ltd.
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Chatwork Co.Ltd. Corporate Events
Kubell Delivers Strong Q1 With BPaaS Surge and Security Push
May 15, 2026
Kubell reported a solid first quarter for FY2026, with consolidated revenue up 15.8% year on year and EBITDA jumping 63.8% on the back of ongoing productivity improvements. Profit generation is progressing steadily, achieving 31.2% of the lower en...
Kubell Swings to Profit on Double-Digit Revenue Growth in First Quarter 2026
May 15, 2026
Kubell Co., Ltd. reported strong results for the three months ended March 31, 2026, with revenue rising 15.8% year on year to ¥2,587 million and EBITDA jumping 63.8% to ¥468 million. Operating profit climbed to ¥280 million and prof...
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.