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Chatwork Co.Ltd. (JP:4448)
:4448
Japanese Market
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Chatwork Co.Ltd. (4448) AI Stock Analysis

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JP:4448

Chatwork Co.Ltd.

(4448)

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Neutral 58 (OpenAI - 5.2)
Rating:58Neutral
Price Target:
¥288.00
▼(-24.80% Downside)
Action:Reiterated
Date:02/18/26
The score is driven primarily by improving financial performance, led by strong and stable recent cash generation and a return to profitability in 2025. Offsetting this, technicals are notably weak with the stock below all key moving averages and bearish momentum indicators, and valuation is stretched given the high P/E and no dividend yield provided.
Positive Factors
Cash generation
Consistent positive operating cash flow and stable free cash flow in 2024–2025 indicate durable internal financing capacity. This reduces reliance on external funding, supports reinvestment in product and sales, and provides a buffer to absorb demand shocks over the next 2–6 months.
Negative Factors
Earnings volatility
Multi-year swings from profit to sizable losses have eroded the equity cushion, weakening financial resilience. Even with a 2025 recovery, the historical volatility increases the risk that future adverse shocks could impair capital structure or force financing at unfavorable terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow and stable free cash flow in 2024–2025 indicate durable internal financing capacity. This reduces reliance on external funding, supports reinvestment in product and sales, and provides a buffer to absorb demand shocks over the next 2–6 months.
Read all positive factors

Chatwork Co.Ltd. (4448) vs. iShares MSCI Japan ETF (EWJ)

Chatwork Co.Ltd. Business Overview & Revenue Model

Company Description
kubell Co., Ltd. provides business chat services in Japan. It operates through two segments, Chatwork and Security. The Chatwork segment provides peripheral services related to chat. This segment also offers task management, file management, and v...
How the Company Makes Money
Chatwork Co., Ltd. generates revenue primarily by providing access to its Chatwork platform as a subscription-based SaaS offering, where corporate customers pay recurring fees to use paid plans and features. Additional specific revenue streams (e....

Chatwork Co.Ltd. Financial Statement Overview

Summary
Financials show a 2025 turnaround: revenue re-accelerated and profitability returned (net income positive, EBIT solidly positive). Balance sheet is improving with lower debt and higher equity, while cash flow is the strongest pillar with consistently positive operating cash flow and stable free cash flow in 2024–2025. Key risk is historical earnings volatility and prior-loss erosion of equity versus earlier years.
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.01B9.53B8.47B6.49B4.59B3.37B
Gross Profit6.16B6.60B5.84B4.15B3.20B2.38B
EBITDA726.39M1.04B557.06M-179.27M-544.13M-578.43M
Net Income-1.21B215.05M-1.17B-620.44M-678.53M-696.19M
Balance Sheet
Total Assets5.98B6.68B6.11B6.27B5.39B5.17B
Cash, Cash Equivalents and Short-Term Investments3.30B3.46B2.91B2.10B2.85B3.20B
Total Debt1.04B931.93M1.16B1.38B865.50M467.50M
Total Liabilities4.30B4.68B4.52B3.85B2.53B1.77B
Stockholders Equity1.68B2.00B1.60B2.42B2.79B3.33B
Cash Flow
Free Cash Flow0.00896.86M1.47B469.07M-295.67M-479.88M
Operating Cash Flow0.00937.86M1.48B469.83M-283.68M-475.25M
Investing Cash Flow0.00-585.82M-650.12M-1.45B-517.08M-786.31M
Financing Cash Flow0.00-156.69M-14.59M236.94M450.97M2.61B

Chatwork Co.Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price383.00
Price Trends
50DMA
283.82
Positive
100DMA
317.62
Negative
200DMA
370.45
Negative
Market Momentum
MACD
-1.14
Negative
RSI
52.70
Neutral
STOCH
72.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4448, the sentiment is Positive. The current price of 383 is above the 20-day moving average (MA) of 278.20, above the 50-day MA of 283.82, and above the 200-day MA of 370.45, indicating a neutral trend. The MACD of -1.14 indicates Negative momentum. The RSI at 52.70 is Neutral, neither overbought nor oversold. The STOCH value of 72.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4448.

Chatwork Co.Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
¥17.96B17.763.14%-3.85%-17.22%
66
Neutral
¥6.05B22.680.57%32.11%-0.12%
62
Neutral
¥4.66B25.266.84%-67.48%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
60
Neutral
¥6.18B20.7518.87%
58
Neutral
¥12.45B14.6012.68%
41
Neutral
¥646.94M-0.39-233.58%-5.78%-161.84%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4448
Chatwork Co.Ltd.
288.00
-169.00
-36.98%
JP:3681
V-cube
27.00
-134.00
-83.23%
JP:3835
eBASE Co., Ltd.
390.00
-99.48
-20.32%
JP:4060
rakumo Inc.
1,048.00
207.63
24.71%
JP:4397
TeamSpirit, Inc.
371.00
-60.00
-13.92%
JP:5033
Nulab Inc.
704.00
-242.00
-25.58%

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...
Kubell Issues Restricted Stock to Directors and Employees to Align Pay With Long-Term Performance
Mar 25, 2026
Kubell Co., Ltd. has approved the issuance of 201,089 new common shares as restricted stock compensation to eight directors and seven employees, with a total value of ¥55,098,386 at an issue price of ¥274 per share. The plan is designed ...
Chatwork to Acquire 100% Voting Stake in New Share Deal
Mar 23, 2026
Chatwork Co. Ltd. has resolved to acquire 216,778 shares, representing 100% of the voting rights, from multiple shareholders including investment funds and other entities with no capital or personnel ties to the company. Some counterparties have e...
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.Date of analysis: Feb 18, 2026