freee K.K. (JP:4478)
:4478
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freee K.K.
(4478)
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Rating:55Neutral
Price Target:
¥1,948.00
▼(-20.20% Downside)
Action:Reiterated
Date:03/07/26
The score is supported mainly by improving fundamentals (solid revenue growth, operational improvement, stronger free cash flow, and a stable balance sheet). Offsetting this are weak-to-neutral technicals (below key longer-term moving averages with negative MACD) and a very expensive valuation (extremely high P/E with no dividend yield provided).
Positive Factors
Recurring SaaS revenue model
A subscription SaaS model creates predictable, recurring revenue and higher customer lifetime value. For an SMB-focused back‑office platform, subscriptions plus bundling opportunities and integrations support retention, upsell and scalable unit economics over the coming quarters.
Negative Factors
High operating expenses pressuring profits
Elevated operating costs limit the ability to translate revenue growth into sustainable net income. Unless structural cost efficiencies are achieved, ongoing high SG&A and R&D spending will restrain long‑term net margin expansion and prolong the path to durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS revenue model
A subscription SaaS model creates predictable, recurring revenue and higher customer lifetime value. For an SMB-focused back‑office platform, subscriptions plus bundling opportunities and integrations support retention, upsell and scalable unit economics over the coming quarters.
Read all positive factors
freee K.K. (4478) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥115.31B
Dividend YieldN/A
Average Volume (3M)425.28K
Price to Earnings (P/E)163.9
Beta (1Y)0.71
Revenue Growth30.48%
EPS GrowthN/A
CountryJP
Employees1,722
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)23.26
Shares Outstanding59,684,002
10 Day Avg. Volume390,490
30 Day Avg. Volume425,280
Financial Highlights & Ratios
PEG Ratio-1.46
Price to Book (P/B)11.51
Price to Sales (P/S)6.80
P/FCF Ratio62.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,800.00Price Target Upside14.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)17.21
Revenue Forecast (FY)¥41.99B
freee K.K. Business Overview & Revenue Model
Company Description
Established in 2012 and headquartered in Tokyo, Japan, freee K.K. specializes in delivering cloud-native accounting and human resources software. Its product portfolio includes Accounting freee, an integrated accounting platform tailored for small...
How the Company Makes Money
freee primarily generates revenue by selling subscriptions to its cloud software products (SaaS). Customers (primarily businesses) pay recurring fees to use the company’s back-office applications, with pricing typically differentiated by plan tier...
freee K.K. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 33.27B | 25.43B | 19.22B | 14.38B | 10.26B |
| Gross Profit | 27.36B | 20.99B | 16.07B | 11.54B | 8.16B |
| EBITDA | 1.02B | -8.39B | -7.92B | -2.46B | -2.14B |
| Net Income | 1.37B | -10.15B | -12.34B | -11.61B | -2.76B |
Balance Sheet | |||||
| Total Assets | 52.60B | 39.95B | 42.79B | 47.41B | 55.29B |
| Cash, Cash Equivalents and Short-Term Investments | 35.79B | 31.75B | 36.41B | 42.55B | 47.64B |
| Total Debt | 9.60B | 4.70B | 0.00 | 576.00M | 292.05M |
| Total Liabilities | 32.93B | 23.00B | 15.73B | 10.98B | 8.41B |
| Stockholders Equity | 19.66B | 16.95B | 26.06B | 36.43B | 46.87B |
Cash Flow | |||||
| Free Cash Flow | 3.62B | -7.43B | -5.44B | -2.68B | -656.47M |
| Operating Cash Flow | 3.66B | -6.77B | -4.75B | -1.07B | -192.53M |
| Investing Cash Flow | -4.60B | -2.09B | -935.42M | -4.48B | -3.18B |
| Financing Cash Flow | 4.98B | 4.71B | -456.14M | 451.99M | 35.38B |
freee K.K. Technical Analysis
Negative
2441.00
Price Trends
2191.78
Negative
2255.24
Negative
2763.96
Negative
Market Momentum
-83.97
Positive
38.57
Neutral
10.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4478, the sentiment is Negative. The current price of 2441 is above the 20-day moving average (MA) of 2109.35, above the 50-day MA of 2191.78, and below the 200-day MA of 2763.96, indicating a bearish trend. The MACD of -83.97 indicates Positive momentum. The RSI at 38.57 is Neutral, neither overbought nor oversold. The STOCH value of 10.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4478.
freee K.K. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥24.38B | 11.09 | ― | 4.58% | 6.58% | 35.23% | |
67 Neutral | ¥20.14B | 25.07 | ― | ― | 19.07% | -16.09% | |
64 Neutral | ¥8.19B | 34.13 | ― | 0.12% | 32.64% | -50.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥5.88B | 13.57 | ― | ― | 18.87% | ― | |
55 Neutral | ¥115.31B | 163.86 | ― | ― | 30.48% | ― | |
53 Neutral | ¥226.17B | 47.21 | -19.16% | ― | 25.36% | ― |
* Technology Sector Average
JP:4478
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freee K.K. Corporate Events
Freee Boosts Growth With AI Agent Launch and Vertical Expansion
May 13, 2026
Freee K.K. has launched freee Agent Hub, an integrated AI agent platform for accounting firms that embodies its Cockpit AI concept, emphasizing professional-grade accuracy, accountability, and stringent security. The product orchestrates multiple ...
Freee K.K. Lifts Sales but Sees Profit Squeeze as It Reaffirms FY2026 Outlook
May 13, 2026
Freee K.K. reported consolidated net sales of ¥30.8 billion for the nine months ended March 31, 2026, up 29.3% year on year, driven by continued expansion of its SaaS customer base, while adjusted operating profit fell 15.0% to ¥1.8 bill...
Freee to Acquire Logistics Platform Provider Logikura as Wholly Owned Subsidiary
Mar 18, 2026
Freee K.K. will acquire all outstanding shares of Logikura Inc., a developer of the cloud-based logistics platform “Logikura,” and make it a wholly owned consolidated subsidiary. The company plans to integrate Logikura’s centrali...
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.