Lancers, Inc. (4484) AI Stock Analysis

0 Followers

Lancers, Inc.

(TSE/TYO:4484)

Select Model

Rating:58Neutral

Price Target:JPY 300.00▲(7.91% Upside)

Action:reiterated

Date:08/18/26

The score is primarily driven by improving fundamentals (re-accelerating revenue growth and a return to profitability) but capped by still-thin margins, recent earnings pressure, and historically volatile cash flow. Technicals are modestly supportive, while a high P/E and low dividend yield meaningfully detract from the overall attractiveness.

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 4.34B
Dividend Yield: 0.72%
Average Volume (3M): 13.35K
Price to Earnings (P/E): 46.3
Beta (1Y): 0.67
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

Operating recovery is underway: FY2026 revenue rebounded strongly (+16.7% YoY) and profitability returned to positive after prior heavy losses. However, profitability remains thin (FY2026 net margin ~1.7%), earnings declined vs FY2025 despite higher revenue, and gross margin fell to ~39%, limiting operating leverage. Balance sheet leverage is moderate but rising (debt-to-equity ~0.56), and cash flow improved to positive in FY2026 but has been volatile historically.

Income Statement

62Positive

Balance Sheet

66Positive

Cash Flow

58Neutral

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

50DMA287.70Negative

100DMA284.26Negative

200DMA287.71Negative

Market Momentum

MACD-4.20Negative

RSI47.33Neutral

STOCH68.42Neutral

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 278.70, below the 50-day MA of 287.70, and below the 200-day MA of 287.71, indicating a bearish trend. The MACD of -4.20 indicates Negative momentum. The RSI at 47.33 is Neutral, neither overbought nor oversold. The STOCH value of 68.42 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 36.32B	15.49	―	1.61%	36.14%	304.76%
JP:4448	63Neutral	JPY 13.95B	19.16	―	―	14.06%	―
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JP:9215	61Neutral	JPY 1.82B	50.20	―	―	16.55%	37.63%
JP:5027	59Neutral	JPY 45.30B	34.83	―	0.27%	28.94%	-29.21%
JP:5033	59Neutral	JPY 8.11B	46.85	―	―	7.04%	-67.36%
JP:4484	58Neutral	JPY 4.43B	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	-19.04	-6.41%
JP:4448	Chatwork Co.Ltd.	330.00	-65.00	-16.46%
JP:4477	BASE, Inc.	310.00	-32.79	-9.57%
JP:5027	AnyMind Group Inc.	730.00	-20.61	-2.75%
JP:5033	Nulab Inc.	1235.00	428.00	53.04%
JP:9215	CaSy Co.,Ltd.	971.00	-144.00	-12.91%

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. Profit...

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