Lancers, Inc. (4484) AI Stock Analysis

Lancers, Inc.

(TSE/TYO:4484)

Select Model

Rating:51Neutral

Price Target:JPY 289.00▲(3.96% Upside)

Action:reiterated

Date:08/18/26

The overall score is constrained by a very high valuation (P/E of 47.92) and declining profitability margins, which are significant risks. Financial performance is fair, supported by revenue growth but weakened by margin compression and cash flow volatility. Technicals show mild short-term strength but remain in a longer-term downtrend. The lack of a meaningful dividend and absence of positive earnings call or corporate event catalysts further limit the score.

Positive Factors

Revenue recoveryThe return to strong top-line growth after weakness in FY2024 and stagnation in FY2025 indicates improving demand for Lancers’ freelancer marketplace services. Sustained revenue expansion can strengthen platform scale and support future operating leverage.

Negative Factors

Thin and declining marginsLow net profitability leaves limited protection against higher operating costs, pricing pressure, or weaker demand. The decline in gross margin from earlier years also suggests that revenue growth may not translate efficiently into earnings without improved cost control.

Lancers, Inc. (4484) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 4.42B
Dividend Yield: 0.72%
Average Volume (3M): 12.07K
Price to Earnings (P/E): 46.3
Beta (1Y): 0.72
Revenue Growth: 20.67%
EPS Growth: -37.51%
Country: Japan
Employees: 150
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Lancers, Inc. Business Overview & Revenue Model

Company Description

Lancers, Inc. specializes in delivering crowdsourcing services, primarily through its robust freelance talent ecosystem. The company's core offering, Lancers, serves as a platform connecting organizations in need of external expertise with individual...

How the Company Makes Money

Lancers, Inc. primarily makes money by monetizing transactions and relationships facilitated through its online freelancer matching platform. Key revenue typically comes from (1) platform fees or commissions charged when clients and freelancers contr...

Lancers, Inc. Financial Statement Overview

Summary

Revenue growth of 16.7% and a return to profitability are positives, but declining gross margins (49.8% to 39.2%), thin net margins (1.7%), and volatile historical cash flows indicate fair financial health. The balance sheet is stable with moderate leverage, though low operating cash flow coverage (0.23) and declining ROE (6.5%) are concerns.

Income Statement

52Neutral

Balance Sheet

48Neutral

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	4.66B	4.59B	5.44B	4.57B	4.81B	4.07B
Gross Profit	2.05B	2.05B	2.13B	2.20B	2.27B	2.00B
EBITDA	260.59M	279.90M	260.84M	220.23M	-114.43M	-579.59M
Net Income	156.35M	176.88M	91.04M	111.12M	-238.63M	-672.37M
Balance Sheet
Total Assets	3.33B	3.28B	3.66B	3.52B	3.07B	2.84B
Cash, Cash Equivalents and Short-Term Investments	1.84B	1.77B	2.09B	1.92B	1.35B	1.65B
Total Debt	674.25M	592.69M	791.11M	661.43M	415.06M	0
Total Liabilities	1.97B	1.93B	2.26B	2.34B	2.12B	1.65B
Stockholders Equity	1.36B	1.36B	1.41B	1.18B	957.39M	1.19B
Cash Flow
Free Cash Flow	0	0	365.46M	221.45M	-473.66M	-480.91M
Operating Cash Flow	0	-37.50M	371.33M	316.50M	-324.59M	-313.24M
Investing Cash Flow	0	-50.93M	-115.74M	-94.97M	-298.64M	-145.28M
Financing Cash Flow	0	-68.74M	139.82M	353.91M	317.74M	14.88M

Lancers, Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price278.00

Price Trends

50DMA289.68Negative

100DMA283.65Negative

200DMA288.84Negative

Market Momentum

MACD-4.04Positive

RSI40.10Neutral

STOCH30.46Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4484, the sentiment is Negative. The current price of 278.00 is below the 20-day moving average (MA) of 283.40, below the 50-day MA of 289.68, and below the 200-day MA of 288.84, indicating a bearish trend. The MACD of -4.04 indicates Positive momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 30.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4484.

Lancers, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:4484 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4477	73Outperform	JPY 39.16B	16.73	―	1.57%	34.68%	552.65%
JP:4448	72Outperform	JPY 14.50B	19.33	―	―	14.06%	―
JP:5033	66Neutral	JPY 7.96B	47.67	―	―	7.04%	-67.36%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JP:9215	60Neutral	JPY 1.84B	50.72	―	―	16.55%	37.63%
JP:5027	59Neutral	JPY 46.10B	34.69	―	0.28%	28.94%	-29.21%
JP:4484	51Neutral	JPY 4.48B	46.26	―	0.72%	20.67%	-37.51%

* Technology Sector Average

Performance Comparison

JP:4484 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:4484	Lancers, Inc.	278.00	-10.10	-3.51%
JP:4448	Chatwork Co.Ltd.	331.00	-62.00	-15.78%
JP:4477	BASE, Inc.	319.00	0.90	0.28%
JP:5027	AnyMind Group Inc.	726.00	64.10	9.68%
JP:5033	Nulab Inc.	1220.00	457.00	59.90%
JP:9215	CaSy Co.,Ltd.	986.00	-119.00	-10.77%

Lancers, Inc. Corporate Events

Lancers Delivers Strong Q1 Recovery and Lifts Fiscal 2027 Earnings Outlook

Aug 14, 2026

Lancers, Inc. reported a strong start to fiscal 2027, with first-quarter net sales rising 15.5% year on year to 1,366 million yen and operating profit surging more than threefold to 44 million yen, reversing last year’s sharp profit declines. P...

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 18, 2026

Lancers, Inc. AI Stock Analysis