Makuake, Inc. (4479) AI Stock Analysis

• Market Cap: ¥12.34B
• Dividend Yield: N/A
• Average Volume (3M): 84.13K
• Price to Earnings (P/E): 55.9
• Beta (1Y): 0.91
• Revenue Growth: -0.97%
• EPS Growth: N/A
• Country: JP
• Employees: 165
• Sector: Financial
• Sector Strength: 75
• Industry: Asset Management
• EPS (TTM): 11.27
• Shares Outstanding: 12,748,700
• 10 Day Avg. Volume: 70,220
• 30 Day Avg. Volume: 84,129
• PEG Ratio: 0.01
• Price to Book (P/B): 2.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: ―

Makuake, Inc.'s stock score is driven by strong technical momentum, suggesting short-term bullishness. However, financial performance is hampered by poor profitability and cash flow, and valuation concerns arise from an extremely high P/E ratio, indicating potential overvaluation. These factors combined lead to a moderate overall stock score.

Makuake, Inc. Business Overview & Revenue Model

Company Description

Makuake, Inc. (4479) is a Japanese company operating in the crowdfunding sector, primarily providing a platform for creators and businesses to launch and promote new projects. Their core service is an online platform that connects project creators with potential backers, helping to bring innovative products and services to market. Makuake focuses on a wide range of industries, including technology, fashion, food, and lifestyle, offering a space for both consumers and businesses to discover and support new ideas.

How the Company Makes Money

Makuake, Inc. generates revenue primarily through commission fees on successful crowdfunding campaigns hosted on its platform. When a project reaches its funding goal, Makuake takes a percentage of the total funds raised as a service fee. This fee is the primary source of income for the company. Additionally, Makuake may offer premium services or promotional tools for project creators to enhance their campaigns, providing an additional revenue stream. Partnerships with other businesses, such as manufacturers and retailers, can also influence earnings by expanding Makuake's network and reach, although specific financial details of such partnerships are not typically disclosed.

Makuake, Inc. Financial Statement Overview

Summary

Makuake, Inc. faces profitability challenges despite strong gross margins and a robust balance sheet with no debt. The cash flow situation is concerning, with consistent negative free cash flow, impacting the company's ability to generate cash from operations. The company needs to improve profitability and cash flow generation to enhance financial performance.

Income Statement

Makuake, Inc. has experienced fluctuating revenue and profit margins over the years. The TTM data shows a gross profit margin of 76.54% and a net profit margin of 0.18%, highlighting high gross margins but very low net profitability. The company has struggled with profitability in recent periods, indicated by negative EBIT and EBITDA margins in the recent annual report, though there is some improvement in the trailing twelve months.

Balance Sheet

The balance sheet demonstrates strong equity with an equity ratio of 76.06% in the TTM period, reflecting a solid balance sheet. Makuake, Inc. has no debt, contributing to its financial stability. However, the ROE is low at 0.13% due to minimal net income, which limits the strength of the equity returns.

Cash Flow

Cash flow statements indicate significant challenges, with negative free cash flow in recent periods, including the TTM period. The operating cash flow to net income ratio is unfavorable due to zero operating cash flow in the TTM, while previous periods showed substantial negative cash flows.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	3.65B	3.81B	4.21B	4.62B	3.23B
Gross Profit	2.78B	3.06B	3.36B	3.81B	2.66B
EBITDA	57.00M	-454.00M	-152.00M	437.61M	582.09M
Net Income	-103.60M	-491.08M	-1.35B	246.64M	369.67M
Balance Sheet
Total Assets	6.65B	7.96B	8.26B	10.33B	6.17B
Cash, Cash Equivalents and Short-Term Investments	5.06B	6.41B	7.32B	8.59B	5.11B
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.63B	2.85B	2.68B	3.46B	3.50B
Stockholders Equity	5.01B	5.11B	5.58B	6.87B	2.67B
Cash Flow
Free Cash Flow	-1.10B	-921.82M	-1.34B	-161.97M	2.34B
Operating Cash Flow	-1.09B	-339.22M	-827.32M	151.41M	2.56B
Investing Cash Flow	-276.71M	-582.12M	-475.79M	-586.41M	-247.56M
Financing Cash Flow	18.51M	14.01M	33.66M	3.92B	1.91B

Makuake, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 950.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4479, the sentiment is Positive. The current price of 950 is above the 20-day moving average (MA) of 901.85, above the 50-day MA of 857.22, and above the 200-day MA of 620.47, indicating a bullish trend. The MACD of 20.60 indicates Negative momentum. The RSI at 61.48 is Neutral, neither overbought nor oversold. The STOCH value of 81.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4479.

Makuake, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4308	78 Outperform	¥9.50B	17.24		3.66%	4.74%	84.68%
3923	76 Outperform	¥408.27B	51.25		0.20%	27.33%	91.27%
3697	68 Neutral	¥420.20B	51.05	23.55%	―	18.03%	46.07%
Sector *	68 Neutral	$17.09B	11.26	9.71%	3.70%	11.16%	-4.08%
4385	64 Neutral	¥386.20B	23.41	21.33%	―	3.01%	-2.84%
4479	58 Neutral	¥12.34B	55.85		―	-0.97%	―
3994	56 Neutral	€333.52B	―	-18.26%	―	20.96%	-6.20%

Makuake, Inc. Corporate Events

Makuake, Inc. Reports Strong Financial Turnaround for H1 2025

Makuake, Inc. reported a significant improvement in its financial performance for the six months ended March 31, 2025, with net sales increasing by 10.3% year-on-year. The company achieved a net profit of 247 million yen, a turnaround from the previous year’s loss, reflecting a positive impact on its operations and potentially strengthening its market position.

Makuake, Inc. Revises Financial Forecasts with Significant Profit Growth

Makuake, Inc. has revised its financial forecasts for the fiscal year ending September 2025, projecting significant improvements in net sales and profits due to increased transaction volumes and effective cost management. The company expects net sales to reach JPY 4,040 million, with operating and ordinary profits both anticipated at JPY 310 million, marking substantial growth from previous forecasts.