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Welby Inc. (4438) AI Stock Analysis
Welby Inc.
(TSE/TYO:4438)
The overall score is heavily pressured by the company's precarious financial state, marked by deep losses, high leverage, and significant cash burn. While recent price momentum and moving averages offer a positive technical signal, the fundamental lack of profitability and a negative P/E ratio present substantial risks that dominate the outlook.
Welby Inc. (4438) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 2.33B
- Dividend Yield
- ―
- Average Volume (3M)
- 165.59K
- Price to Earnings (P/E)
- -4.4
- Beta (1Y)
- 1.26
- Revenue Growth
- 14.84%
- EPS Growth
- 30.67%
- Country
- Japan
- Employees
- 44
- Sector
- General
- Sector Strength
- 55
- Industry
- Medical - Healthcare Information Services
Welby Inc. Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 2011, Welby Inc. specializes in developing digital healthcare solutions aimed at enhancing patients' access to and engagement with medical services. The company's extensive portfolio addresses a wide array of health co...
Welby Inc. Financial Statement Overview
Summary
Financial health is weak. While revenue grew 20% and gross margin is strong at 70.6%, the company is deeply unprofitable with a -71.2% EBIT margin. Cash burn is severe (FCF -Â¥332.3M) and the balance sheet is highly leveraged with a debt-to-equity ratio of 2.22, indicating significant financial risk.
Income Statement
15Very NegativeBalance Sheet
20Very NegativeCash Flow
12Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 648.58M | 635.72M | 528.04M | 575.00M | 1.05B | 1.14B |
| Gross Profit | 454.44M | 448.67M | 379.92M | 376.00M | 755.44M | 683.91M |
| EBITDA | -404.35M | -500.26M | -792.75M | -499.97M | 40.29M | -127.70M |
| Net Income | -525.32M | -539.69M | -804.60M | -505.00M | 33.91M | -130.68M |
Balance Sheet | ||||||
| Total Assets | 847.17M | 1.05B | 1.17B | 1.21B | 1.40B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 516.23M | 711.43M | 740.43M | 883.00M | 830.82M | 960.72M |
| Total Debt | 539.39M | 605.71M | 200.00M | 1.21M | 8.35M | 15.49M |
| Total Liabilities | 636.94M | 747.89M | 328.90M | 88.00M | 121.40M | 134.83M |
| Stockholders Equity | 180.92M | 272.33M | 810.02M | 1.09B | 1.27B | 1.26B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -332.29M | -776.25M | -177.00M | -146.86M | -115.46M |
| Operating Cash Flow | 0 | -329.49M | -603.63M | -174.00M | -114.11M | -95.95M |
| Investing Cash Flow | 0 | 272.44M | -235.84M | -114.39M | -7.04M | -34.56M |
| Financing Cash Flow | 0 | 28.05M | 696.54M | 341.25M | -8.74M | -7.14M |
Welby Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4438, the sentiment is Negative. The current price of 282.00 is below the 20-day moving average (MA) of 292.30, above the 50-day MA of 278.04, and below the 200-day MA of 288.34, indicating a bearish trend. The MACD of 1.78 indicates Positive momentum. The RSI at 45.50 is Neutral, neither overbought nor oversold. The STOCH value of 2.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4438.
Welby Inc. Peers Comparison
Overall Rating
JP:943875Outperform
JP:448372Outperform
JP:559271Outperform
JP:448063Neutral- JP:443846.9Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:9438 | 75Outperform | JPY 29.72B | 8.68 | ― | 3.63% | 4.90% | 60.31% |
| JP:4483 | 72Outperform | JPY 241.50B | 34.84 | ― | 0.49% | 18.89% | 11.66% |
| JP:5592 | 71Outperform | JPY 26.29B | 8.10 | ― | 1.66% | 13.72% | 43.20% |
| JP:4480 | 63Neutral | JPY 75.89B | 39.69 | 12.35% | ― | 24.03% | 34.50% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:4438 | 47Neutral | JPY 2.36B | -4.42 | ― | ― | 14.84% | 30.67% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:4438 | Welby Inc. | 276.00 | -13.00 | -4.50% | |
| JP:4480 | Medley, Inc. | 2386.00 | 254.00 | 11.91% | |
| JP:4483 | JMDC Inc. | 3690.00 | -1176.33 | -24.17% | |
| JP:5592 | Kusurinomadoguchi, Inc. | 2294.00 | -727.63 | -24.08% | |
| JP:9438 | MTI Ltd. | 551.00 | -208.48 | -27.45% |
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.
Date of analysis: Oct 22, 2026