Chatwork Co.Ltd. (JP:4448)
:4448
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Chatwork Co.Ltd.
(4448)
Select Model
Select Model
Rating:58Neutral
Price Target:
¥288.00
▼(-24.80% Downside)
Action:ReiteratedDate: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 provide durable internal funding for product development, customer success, and working capital. This reduces reliance on external financing and supports steady execution of the SaaS subscription model over the medium term.
Negative Factors
Earnings volatility
Multi-year swings from profit to loss and back create uncertainty about the persistence of margins and cash generation. This volatility complicates forecasting, budgeting, and strategic planning, increasing execution risk for sustaining the recent profitability over the next several quarters.
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 provide durable internal funding for product development, customer success, and working capital. This reduces reliance on external financing and supports steady execution of the SaaS subscription model over the medium term.
Read all positive factors
Chatwork Co.Ltd. (4448) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.09B
Dividend YieldN/A
Average Volume (3M)91.44K
Price to Earnings (P/E)23.6
Beta (1Y)0.71
Revenue Growth14.63%
EPS Growth-760.87%
CountryJP
Employees582
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)4.06
Shares Outstanding42,262,783
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
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’s primary monetization model is subscription-based SaaS. The company generates revenue mainly by charging organizations recurring fees for paid plans of the Chatwork platform, typically tied to usage such as number of users/seats and/or a...
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 | 9.01B | 9.53B | 8.47B | 6.49B | 4.59B | 3.37B |
| Gross Profit | 6.16B | 6.60B | 5.84B | 4.15B | 3.20B | 2.38B |
| EBITDA | 726.39M | 1.04B | 557.06M | -179.27M | -544.13M | -578.43M |
| Net Income | -1.21B | 215.05M | -1.17B | -620.44M | -678.53M | -696.19M |
Balance Sheet | ||||||
| Total Assets | 5.98B | 6.68B | 6.11B | 6.27B | 5.39B | 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 | 3.85B | 2.53B | 1.77B |
| Stockholders Equity | 1.68B | 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. Technical Analysis
Negative
383.00
Price Trends
303.08
Negative
343.73
Negative
397.13
Negative
Market Momentum
-2.94
Negative
50.13
Neutral
82.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4448, the sentiment is Negative. The current price of 383 is above the 20-day moving average (MA) of 283.00, above the 50-day MA of 303.08, and below the 200-day MA of 397.13, indicating a neutral trend. The MACD of -2.94 indicates Negative momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 82.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4448.
Chatwork Co.Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥18.84B | 30.80 | ― | 3.14% | 0.50% | -2.92% | |
74 Outperform | ¥6.53B | 21.40 | ― | 0.57% | 21.03% | 32.29% | |
66 Neutral | ¥4.84B | 21.99 | ― | ― | 7.60% | 19.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥6.74B | 27.15 | ― | ― | 11.32% | ― | |
58 Neutral | ¥12.09B | 23.59 | ― | ― | 14.63% | -760.87% | |
41 Neutral | ¥1.79B | -1.07 | -233.58% | ― | -8.32% | 71.98% |
* Technology Sector Average
JP:4448
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TeamSpirit, Inc.
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747.00
-224.00
-23.07%
Chatwork Co.Ltd. Corporate Events
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...
Kubell Maintains Leadership and Governance Lineup Ahead of March Shareholders Meeting
Feb 20, 2026
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, Pr...
Kubell to Amend Articles to Add Electronic Payment Services Business
Feb 20, 2026
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 schedule...
Kubell Launches Restricted Stock Plan to Tie Employee Pay to Long-Term Performance
Feb 20, 2026
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 f...
kubell Hits Raised FY2025 Targets as BPaaS Becomes Second Core Pillar
Feb 13, 2026
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 ...
Kubell Returns to Profit and Strengthens Balance Sheet as Revenue Climbs
Feb 13, 2026
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, pos...
Kubell Beats FY2025 Profit Forecasts and Books Major One-Off Adjustments
Feb 13, 2026
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 ow...
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.