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Chatwork Co.Ltd. (4448) AI Stock Analysis

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JP:4448

Chatwork Co.Ltd.

(TSE/TYO:4448)

Select Model
Rating:59Neutral
Price Target:JPY 325.00▼(-1.52% Downside)
Action:reiterated
Date:11/07/26

The score is supported mainly by improved financial performance—especially strong recent operating/free cash flow and a return to profitability in 2025. This is tempered by weak technicals (price below key moving averages with bearish momentum) and only moderate valuation support (P/E ~18, no dividend yield data).

Positive Factors
Revenue GrowthRe-accelerating revenue growth indicates stronger demand for the company’s business communication platform and expanding customer activity. If sustained, this top-line momentum can support operating leverage, continued product investment, and a broader base from which future earnings can compound.
Negative Factors
Earnings VolatilityThe extended sequence of losses before the 2025 recovery lowers confidence that current profitability is fully durable. Earnings volatility can complicate planning and capital allocation, while another period of weak performance could quickly reduce the benefits of the recent turnaround.

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

-40%-30%-20%-10%0%10%20%30%JP:4448-15.38%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 13.74B
Dividend Yield
―
Average Volume (3M)
89.00K
Price to Earnings (P/E)
19.2
Beta (1Y)
0.56
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...

Chatwork Co.Ltd. Financial Statement Overview

Summary

Financials show a notable 2025 turnaround: revenue growth re-accelerated and the company returned to profitability (net income positive, EBIT positive). Cash flow is the strongest pillar with consistently positive operating cash flow since 2022 and solid free cash flow in 2024–2025. Offsetting this, earnings have been volatile over multiple years and prior losses reduced the equity cushion despite recent improvement.

Income Statement

58Neutral

Balance Sheet

62Positive

Cash Flow

74Positive
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 SentimentNeutral
Last Price330.00

Price Trends

50DMA349.46Negative
100DMA324.21Positive
200DMA313.19Positive

Market Momentum

MACD-7.77Positive
RSI45.17Neutral
STOCH48.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4448, the sentiment is Neutral. The current price of 330.00 is below the 20-day moving average (MA) of 338.10, below the 50-day MA of 349.46, and above the 200-day MA of 313.19, indicating a neutral trend. The MACD of -7.77 indicates Positive momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 6.59B24.43―0.80%37.13%-7.58%
JP:3835JP:383567NeutralJPY 15.52B15.55―4.38%1.86%-12.57%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4397JP:439760NeutralJPY 5.68B15.27――23.50%2.72%
JP:4448JP:444859NeutralJPY 13.95B19.16――14.06%―
JP:5033JP:503359NeutralJPY 8.11B46.85――7.04%-67.36%

* Technology Sector Average

Performance Comparison

-20%0%20%40%60%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.330.00-65.00-16.46%
JP:3835eBASE Co., Ltd.341.00-103.95-23.36%
JP:4060rakumo Inc.1130.00-36.41-3.12%
JP:4397TeamSpirit, Inc.352.00-179.00-33.71%
JP:5033Nulab Inc.1235.00428.0053.04%

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’s platform is designed to support corporate users, and its shares are listed and actively traded, with more than 42 millio...

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: Nov 07, 2026