Want to see JP:3900 full AI Analyst Report?
Top Page
CrowdWorks, Inc.
(3900)
Select Model
Select Model
Rating:59Neutral
Price Target:
¥775.00
▼(-5.72% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weakened financial quality in 2025 (return to net losses, margin compression, rising leverage, and free cash flow dropping to zero). Offsetting this, technical indicators show a clear positive trend with strong momentum. Valuation is a headwind because the negative P/E reflects current losses and there is no dividend yield data to support the case.
Positive Factors
Marketplace business model
CrowdWorks operates a focused two-sided marketplace that matches clients with freelance professionals and supports contracting workflows. This model can scale across digital and professional categories, while transaction and service fees provide a repeatable way to monetize project activity.
Negative Factors
Profitability deterioration
The return to a net loss and material operating-margin compression weaken the quality of recent growth and show that higher revenue is not currently translating into stronger earnings. If sustained, this can limit reinvestment capacity and reduce resilience across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Marketplace business model
CrowdWorks operates a focused two-sided marketplace that matches clients with freelance professionals and supports contracting workflows. This model can scale across digital and professional categories, while transaction and service fees provide a repeatable way to monetize project activity.
Read all positive factors
CrowdWorks, Inc. (3900) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.28B
Dividend Yield2.78%
Average Volume (3M)102.74K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth1.74%
EPS Growth-199.70%
CountryJP
Employees760
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-46.60
Shares Outstanding15,837,159
10 Day Avg. Volume112,410
30 Day Avg. Volume102,740
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)2.20
Price to Sales (P/S)0.64
P/FCF Ratio0.00
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)22.7
Revenue Forecast (FY)¥22.60B
CrowdWorks, Inc. Business Overview & Revenue Model
Company Description
CrowdWorks Inc., based in Japan, specializes in providing a range of crowdsourcing solutions. The company operates two main platforms: CrowdWorks, an online hub that facilitates project assignments by linking businesses with individual workers via...
How the Company Makes Money
CrowdWorks primarily makes money by operating its crowdsourcing marketplace and charging fees related to transactions and usage of its platform. The core revenue stream is typically platform/service fees earned when clients and freelancers enter i...
CrowdWorks, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.06B | 22.66B | 17.11B | 13.21B | 10.57B | 7.77B |
| Gross Profit | 9.17B | 9.57B | 7.85B | 6.03B | 4.77B | 3.45B |
| EBITDA | 1.31B | 2.37B | 1.60B | 1.27B | 975.64M | 608.96M |
| Net Income | -735.93M | -257.07M | 910.76M | 1.10B | 802.87M | 622.42M |
Balance Sheet | ||||||
| Total Assets | 14.45B | 15.69B | 13.54B | 10.02B | 7.66B | 6.20B |
| Cash, Cash Equivalents and Short-Term Investments | 6.90B | 8.09B | 5.96B | 5.77B | 5.15B | 4.25B |
| Total Debt | 3.48B | 3.91B | 2.03B | 696.90M | 123.28M | 100.00M |
| Total Liabilities | 7.62B | 8.94B | 6.23B | 3.99B | 3.00B | 2.41B |
| Stockholders Equity | 6.64B | 6.59B | 7.20B | 6.02B | 4.67B | 3.79B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 1.68B | 1.35B | 1.15B | 837.60M |
| Operating Cash Flow | 1.74B | 1.74B | 1.68B | 1.35B | 1.15B | 851.87M |
| Investing Cash Flow | -1.06B | -1.06B | -2.44B | -1.17B | -262.36M | -95.37M |
| Financing Cash Flow | 1.49B | 1.49B | 960.63M | 436.34M | 8.34M | 5.09M |
CrowdWorks, Inc. Technical Analysis
Positive
822.00
Price Trends
685.24
Positive
654.02
Positive
674.52
Positive
Market Momentum
15.00
Positive
50.62
Neutral
20.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3900, the sentiment is Positive. The current price of 822 is above the 20-day moving average (MA) of 705.10, above the 50-day MA of 685.24, and above the 200-day MA of 674.52, indicating a bullish trend. The MACD of 15.00 indicates Positive momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 20.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3900.
CrowdWorks, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥24.80B | 24.62 | ― | 5.62% | 1.27% | -2.58% | |
79 Outperform | ¥47.93B | 22.00 | ― | 0.95% | 41.09% | 72.01% | |
78 Outperform | ¥24.27B | 12.08 | ― | 4.13% | 7.88% | 5.28% | |
76 Outperform | ¥8.32B | 5.65 | ― | 2.33% | -8.80% | 33.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥11.28B | -15.28 | ― | 2.78% | 1.74% | -199.70% | |
55 Neutral | ¥19.12B | 15.26 | ― | 4.13% | -0.07% | -30.97% |
* Industrials Sector Average
JP:3900
CrowdWorks, Inc.
707.00
-144.00
-16.92%
JP:2301
GAKUJO Co., Ltd.
1,725.00
57.76
3.46%
JP:2471
S-Pool, Inc.
246.00
-45.59
-15.63%
JP:3991
Wantedly, Inc.
845.00
-329.44
-28.05%
JP:4377
ONE CAREER Inc.
2,668.00
64.05
2.46%
JP:6539
MATCHING SERVICE JAPAN CO.LTD.
998.00
44.28
4.64%
CrowdWorks, Inc. Corporate Events
CrowdWorks to Launch AI CrowdWorks After 10,000 Worker Pre-Registrations
Aug 14, 2026
CrowdWorks, Inc. reported its financial results for the third quarter of FY2026 and highlighted continued progress in its AI-focused initiatives. As part of these efforts, the company announced that more than 10,000 workers have already pre-regist...
CrowdWorks Earnings Slump as Platform Operator Restructures and Maintains Zero Dividend
Aug 14, 2026
CrowdWorks Inc. operates a Japan-based online crowdsourcing platform that connects companies with freelance workers, providing technology-driven staffing and project-based work solutions. Its primary revenue comes from matching fees and related se...
CrowdWorks Lifts FY2026 Profit Outlook by Delaying DX Investment Spend
Jul 13, 2026
CrowdWorks Inc. revised its consolidated forecast for the fiscal year ending September 30, 2026, keeping net sales and gross profit unchanged at ¥20 billion and ¥8.4 billion, but lifting operating profit and EBITDA from an initially proj...
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.