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Chatwork Co.Ltd. (4448) AI Stock Analysis

JP:4448

Chatwork Co.Ltd.

(TSE/TYO:4448)

Select Model
Rating:72Outperform
Price Target:JPY 398.00â–²(20.24% Upside)
Action:upgraded
Date:08/06/26

The stock scores 72, reflecting solid financial performance with strong cash flow and revenue growth, and positive technical momentum. These strengths are partially offset by a somewhat high valuation relative to earnings. The company's improving balance sheet and return to profitability support a positive outlook, but investors should monitor margin expansion and the sustainability of growth.

Positive Factors
Revenue and profitability recoveryThe 2025 recovery combines renewed revenue growth with a return to positive EBIT and net income, indicating improved operating traction. If maintained, this creates a stronger base for reinvestment and gives the subscription business greater capacity to convert customer expansion into sustainable earnings.
Negative Factors
Multi-year earnings volatilityThe return to profitability is encouraging, but the preceding sequence of losses shows that earnings durability remains unproven. Repeated swings between profit and loss make future results less predictable and increase the risk that the 2025 improvement reflects an incomplete turnaround rather than a stable earnings base.

Chatwork Co.Ltd. (4448) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%JP:4448-13.58%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 14.04B
Dividend Yield
―
Average Volume (3M)
93.14K
Price to Earnings (P/E)
19.3
Beta (1Y)
0.50
Revenue Growth
14.06%
EPS Growth
―
Country
Japan
Employees
658
Sector
Technology
Sector Strength
61
Industry
Software - Application

Chatwork Co.Ltd. Business Overview & Revenue Model

Company Description

Operating within Japan, kubell Co., Ltd. delivers business communication solutions primarily focused on chat. The company's activities are organized into two distinct divisions: Chatwork and Security. The Chatwork division provides a comprehensive su...

How the Company Makes Money

Chatwork primarily makes money through providing its Chatwork platform as a subscription-based software service (SaaS). Revenue is generated when business customers pay recurring fees to use the service (typically tied to paid plans with additional f...

Chatwork Co.Ltd. Financial Statement Overview

Summary

Strong revenue growth historically, though decelerating; returned to profitability with thin margins; robust cash flow generation; stable balance sheet with moderate leverage. Overall financial health is improving, but net margins remain a concern.

Income Statement

62Positive

Balance Sheet

75Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue10.27B9.53B8.47B6.49B4.59B3.37B
Gross Profit7.38B6.60B5.84B4.15B3.20B2.38B
EBITDA1.42B1.03B-741.13M-390.27M-540.93M-592.73M
Net Income720.41M215.05M-1.17B-620.44M-678.53M-696.19M
Balance Sheet
Total Assets6.97B6.68B6.11B6.27B5.39B5.17B
Cash, Cash Equivalents and Short-Term Investments3.62B3.46B2.91B2.10B2.85B3.20B
Total Debt687.40M931.93M1.16B1.38B865.50M467.50M
Total Liabilities4.40B4.68B4.52B3.85B2.53B1.77B
Stockholders Equity2.57B2.00B1.60B2.42B2.79B3.33B
Cash Flow
Free Cash Flow0896.86M1.47B469.07M-295.67M-479.88M
Operating Cash Flow0937.86M1.48B469.83M-283.68M-475.25M
Investing Cash Flow0-585.82M-650.12M-1.45B-517.08M-786.31M
Financing Cash Flow0-156.69M-14.59M236.94M450.97M2.61B

Chatwork Co.Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price331.00

Price Trends

50DMA353.98Negative
100DMA321.74Positive
200DMA315.87Positive

Market Momentum

MACD-4.18Positive
RSI39.77Neutral
STOCH48.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4448, the sentiment is Negative. The current price of 331.00 is below the 20-day moving average (MA) of 348.15, below the 50-day MA of 353.98, and above the 200-day MA of 315.87, indicating a neutral trend. The MACD of -4.18 indicates Positive momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 48.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4448.

Chatwork Co.Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:4448 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4060JP:406072OutperformJPY 6.63B23.91―0.81%37.13%-7.58%
JP:4448JP:444872OutperformJPY 14.50B19.33――14.06%―
JP:3835JP:383567NeutralJPY 20.63B16.54―4.06%1.86%-12.57%
JP:5033JP:503366NeutralJPY 7.96B47.67――7.04%-67.36%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4397JP:439761NeutralJPY 6.01B15.80――23.50%2.72%

* Technology Sector Average

Performance Comparison

-25%0%25%50%JP:4448JP:3835JP:4060JP:4397JP:5033Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:4448 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4448Chatwork Co.Ltd.331.00-62.00-15.78%
JP:3835eBASE Co., Ltd.368.00-81.69-18.17%
JP:4060rakumo Inc.1106.000.04<0.01%
JP:4397TeamSpirit, Inc.357.00-150.00-29.59%
JP:5033Nulab Inc.1220.00457.0059.90%

Chatwork Co.Ltd. Corporate Events

kubell Raises FY2026 Outlook as BPaaS and AI Services Fuel Profit Surge

Aug 14, 2026

kubell Co., Ltd. reported solid consolidated performance for the second quarter of FY2026, with revenue up 17.1% year-on-year and a 60.6% surge in profit driven by top-line growth. Revenue in its BPaaS domain expanded sharply by 84.0% year-on-year, u...

Chatwork Boosts 2026 Profit Outlook While Keeping Dividend at Zero

Aug 14, 2026

Chatwork Co. Ltd. operates in the technology sector, focusing on business communication and collaboration services. The company&#8217;s platform is designed to support corporate users, and its shares are listed and actively traded, with more than 42...

Kubell Lifts 2026 Earnings Outlook as BPaaS Growth Strategy Gains Traction

Aug 14, 2026

Kubell has revised its full-year consolidated earnings forecast for the year ending December 31, 2026, shifting from percentage growth guidance to specific financial ranges as visibility on performance improves. The company now projects revenue betwe...

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.

Date of analysis: Aug 06, 2026