Makuake, Inc. (JP:4479)
:4479
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Makuake, Inc.
(4479)
Select Model
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Rating:72Outperform
Price Target:
¥989.00
▲(15.54% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by improved financial performance and a strong, debt-free balance sheet, tempered by prior multi-year earnings and cash flow volatility. Technicals add support due to a strong uptrend and positive momentum, while valuation is neutral-to-slightly limiting at ~22x earnings with no dividend yield provided.
Positive Factors
Conservative Balance Sheet
Zero reported debt provides durable financial flexibility and low solvency risk, allowing the company to fund operations, platform investment or weather downturns without refinancing. This strengthens long-term resilience and strategic optionality for growth initiatives.
Negative Factors
Multi-year Volatility
Several years of losses and negative cash flow prior to 2025 indicate earnings and cash unpredictability. Durable planning and valuation are hampered by this volatility; a single-year recovery may not reflect a stable trend without clearer structural changes to revenue or cost base.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Zero reported debt provides durable financial flexibility and low solvency risk, allowing the company to fund operations, platform investment or weather downturns without refinancing. This strengthens long-term resilience and strategic optionality for growth initiatives.
Read all positive factors
Makuake, Inc. (4479) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.77B
Dividend YieldN/A
Average Volume (3M)67.53K
Price to Earnings (P/E)9.2
Beta (1Y)0.67
Revenue Growth25.33%
EPS GrowthN/A
CountryJP
Employees165
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)22.76
Shares Outstanding12,748,700
10 Day Avg. Volume54,690
30 Day Avg. Volume67,533
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)2.42
Price to Sales (P/S)2.87
P/FCF Ratio13.52
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)N/A
Revenue Forecast (FY)N/A
Makuake, Inc. Business Overview & Revenue Model
Company Description
Makuake, Inc. operates the Makuake crowdfunding platform in Japan. It provides support services for new business development and human resource development; displays and sells products; and operates a shopping site that sells finished products to ...
How the Company Makes Money
Makuake, Inc. generates revenue primarily by operating its crowdfunding platform and charging fees tied to fundraising and transactions conducted through the platform. Key revenue streams include (1) platform service fees collected from project cr...
Makuake, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
83
Very Positive
Cash Flow
66
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.58B | 3.65B | 3.81B | 4.21B | 4.62B |
| Gross Profit | 3.44B | 2.78B | 3.06B | 3.36B | 3.81B |
| EBITDA | 625.03M | 56.21M | -454.00M | -152.00M | 437.61M |
| Net Income | 407.26M | -103.60M | -491.08M | -1.35B | 246.64M |
Balance Sheet | |||||
| Total Assets | 7.45B | 6.65B | 7.96B | 8.26B | 10.33B |
| Cash, Cash Equivalents and Short-Term Investments | 5.97B | 5.06B | 6.41B | 7.32B | 8.59B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.03B | 1.63B | 2.85B | 2.68B | 3.46B |
| Stockholders Equity | 5.42B | 5.01B | 5.11B | 5.58B | 6.87B |
Cash Flow | |||||
| Free Cash Flow | 971.17M | -1.10B | -921.82M | -1.34B | -161.97M |
| Operating Cash Flow | 985.08M | -1.09B | -339.22M | -827.32M | 151.41M |
| Investing Cash Flow | -81.42M | -276.71M | -582.12M | -475.79M | -586.41M |
| Financing Cash Flow | 4.50M | 18.51M | 14.01M | 33.66M | 3.92B |
Makuake, Inc. Technical Analysis
Neutral
856.00
Price Trends
1062.14
Negative
931.72
Positive
960.78
Negative
Market Momentum
-51.96
Positive
43.32
Neutral
57.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4479, the sentiment is Neutral. The current price of 856 is below the 20-day moving average (MA) of 1037.55, below the 50-day MA of 1062.14, and below the 200-day MA of 960.78, indicating a bearish trend. The MACD of -51.96 indicates Positive momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 57.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4479.
Makuake, Inc. Peers Comparison
UnderperformOutperform
Sector (68)
JP:4479
Makuake, Inc.
923.00
403.00
77.50%
JP:2998
CREAL Inc.
732.00
-87.00
-10.62%
JP:3266
Fund Creation Group Co., Ltd.
88.00
10.90
14.14%
JP:4310
Dream Incubator Inc.
2,519.00
48.92
1.98%
Makuake, Inc. Corporate Events
Makuake Delivers Strong Q1 Profit Surge but Sees Weaker Earnings Ahead for FY2026
Jan 27, 2026
Makuake reported a strong first quarter for the three months ended December 31, 2025, with net sales rising 49.2% year on year to ¥1,463 million and operating and ordinary profit both climbing more than threefold, driving profit up 178.7% to ...
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.