View Valuationfreee K.K 향후 성장Future 기준 점검 5/6freee K.K (는) 각각 연간 46.6% 및 16.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 46.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 21.8% 로 예상됩니다.핵심 정보46.6%이익 성장률46.67%EPS 성장률Software 이익 성장13.4%매출 성장률16.8%향후 자기자본이익률21.78%애널리스트 커버리지Good마지막 업데이트18 May 2026최근 향후 성장 업데이트분석 기사 • May 16freee K.K. Just Missed EPS By 93%: Here's What Analysts Think Will Happen NextIt's been a sad week for freee K.K. ( TSE:4478 ), who've watched their investment drop 10% to JP¥2,182 in the week...Price Target Changed • Mar 30Price target decreased by 8.9% to JP¥3,512Down from JP¥3,855, the current price target is an average from 11 analysts. New target price is 76% above last closing price of JP¥1,991. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥16.73 for next year compared to JP¥23.27 last year.분석 기사 • Feb 14Earnings Miss: freee K.K. Missed EPS By 55% And Analysts Are Revising Their ForecastsShareholders might have noticed that freee K.K. ( TSE:4478 ) filed its half-year result this time last week. The early...Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥14.81 to JP¥16.30. Revenue forecast steady at JP¥41.6b. Net income forecast to grow 21% next year vs 22% growth forecast for Software industry in Japan. Consensus price target of JP¥4,009 unchanged from last update. Share price was steady at JP¥2,962 over the past week.분석 기사 • Nov 15freee K.K. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextInvestors in freee K.K. ( TSE:4478 ) had a good week, as its shares rose 8.1% to close at JP¥3,530 following the...Major Estimate Revision • Aug 28Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥39.24 to JP¥29.29 per share. Revenue forecast steady at JP¥41.3b. Net income forecast to grow 27% next year vs 24% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥4,033. Share price fell 6.0% to JP¥3,135 over the past week.모든 업데이트 보기Recent updates분석 기사 • May 16freee K.K. Just Missed EPS By 93%: Here's What Analysts Think Will Happen NextIt's been a sad week for freee K.K. ( TSE:4478 ), who've watched their investment drop 10% to JP¥2,182 in the week...Reported Earnings • May 14Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: JP¥0.39 (down from JP¥3.62 in 3Q 2025). Revenue: JP¥10.9b (up 27% from 3Q 2025). Net income: JP¥23.0m (down 89% from 3Q 2025). Profit margin: 0.2% (down from 2.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.공시 • May 09freee K.K. to Report Q3, 2026 Results on May 13, 2026freee K.K. announced that they will report Q3, 2026 results at 9:00 AM, Tokyo Standard Time on May 13, 2026Price Target Changed • Mar 30Price target decreased by 8.9% to JP¥3,512Down from JP¥3,855, the current price target is an average from 11 analysts. New target price is 76% above last closing price of JP¥1,991. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥16.73 for next year compared to JP¥23.27 last year.공시 • Mar 18freee K.K. (TSE:4478) entered into a share purchase agreement to acquire Logikura Co.freee K.K. (TSE:4478) entered into a share purchase agreement to acquire Logikura Co. on March 18, 2026. As part of the acquisition, freee K.K. is acquiring 52,500 Common shares, 7,500 Class A preferred shares, 8,400 Class B preferred shares and 15,625 Class C preferred shares of Logikura Co. Following the acquisition, Logikura Co. would become a wholly owned subsidiary of freee K.K. For the period ending March 31, 2025, Logikura Co. reported total revenue of ¥175.91 million, EBIT of ¥13.3 million and net income of ¥5.78 million. As of March 31, 2025, Logikura Co. reported total assets of ¥83.74 million and net liabilities of ¥77.7 million. The expected completion of the transaction is April 1, 2026.New Risk • Feb 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results.분석 기사 • Feb 14Earnings Miss: freee K.K. Missed EPS By 55% And Analysts Are Revising Their ForecastsShareholders might have noticed that freee K.K. ( TSE:4478 ) filed its half-year result this time last week. The early...Reported Earnings • Feb 14Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥2.56 (down from JP¥10.67 in 2Q 2025). Revenue: JP¥10.2b (up 30% from 2Q 2025). Net income: JP¥151.5m (down 76% from 2Q 2025). Profit margin: 1.5% (down from 8.0% in 2Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.분석 기사 • Jan 31freee K.K.'s (TSE:4478) Earnings Haven't Escaped The Attention Of Investorsfreee K.K.'s ( TSE:4478 ) price-to-sales (or "P/S") ratio of 4.5x may look like a poor investment opportunity when you...Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥14.81 to JP¥16.30. Revenue forecast steady at JP¥41.6b. Net income forecast to grow 21% next year vs 22% growth forecast for Software industry in Japan. Consensus price target of JP¥4,009 unchanged from last update. Share price was steady at JP¥2,962 over the past week.분석 기사 • Dec 16freee K.K (TSE:4478) Might Have The Makings Of A Multi-BaggerIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Board Change • Dec 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Sumito Togo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Nov 29freee K.K. to Report Q2, 2026 Results on Feb 12, 2026freee K.K. announced that they will report Q2, 2026 results on Feb 12, 2026분석 기사 • Nov 15freee K.K. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextInvestors in freee K.K. ( TSE:4478 ) had a good week, as its shares rose 8.1% to close at JP¥3,530 following the...Reported Earnings • Nov 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥2.60 (down from JP¥2.90 in 1Q 2025). Revenue: JP¥9.74b (up 32% from 1Q 2025). Net income: JP¥154.0m (down 9.4% from 1Q 2025). Profit margin: 1.6% (down from 2.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.분석 기사 • Oct 29These 4 Measures Indicate That freee K.K (TSE:4478) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Sep 30Is freee K.K. (TSE:4478) Trading At A 46% Discount?Key Insights freee K.K's estimated fair value is JP¥6,506 based on 2 Stage Free Cash Flow to Equity freee K.K's...분석 기사 • Aug 31freee K.K.'s (TSE:4478) Stock Retreats 26% But Revenues Haven't Escaped The Attention Of Investorsfreee K.K. ( TSE:4478 ) shares have had a horrible month, losing 26% after a relatively good period beforehand. Looking...Major Estimate Revision • Aug 28Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥39.24 to JP¥29.29 per share. Revenue forecast steady at JP¥41.3b. Net income forecast to grow 27% next year vs 24% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥4,033. Share price fell 6.0% to JP¥3,135 over the past week.분석 기사 • Aug 16The freee K.K. (TSE:4478) Yearly Results Are Out And Analysts Have Published New ForecastsTSE:4478 1 Year Share Price vs Fair Value Explore freee K.K's Fair Values from the Community and select yours There's...Reported Earnings • Aug 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥23.28 (up from JP¥174 loss in FY 2024). Revenue: JP¥33.3b (up 31% from FY 2024). Net income: JP¥1.37b (up JP¥11.5b from FY 2024). Profit margin: 4.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Aug 13freee K.K., Annual General Meeting, Sep 26, 2025freee K.K., Annual General Meeting, Sep 26, 2025.분석 기사 • Jul 29Is Now An Opportune Moment To Examine freee K.K. (TSE:4478)?freee K.K. ( TSE:4478 ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...공시 • Jul 23freee K.K. (TSE:4478) entered into a share purchase agreement to acquire GMO Creators Network, Inc. from CN Inc for ¥1.1 billion.freee K.K. (TSE:4478) entered into a share purchase agreement to acquire GMO Creators Network, Inc. from CN Inc. for ¥1.1 billion on July 22, 2025. As a result of the Share Transfer, GMO Creators Network will be excluded from the scope of consolidation. The Company has also reviewed the future of GMO Creators Network and decided to transfer its shares in the company, expecting that GMO Creators Network will explore new opportunities to enhance its services. For the period ending December 31, 2024, GMO Creators Network, Inc. reported total revenue of ¥0.45 million, operating loss of ¥0.12 million and net loss of ¥0.14 million. As of December 31, 2024, GMO Creators Network, Inc. reported total assets of ¥1.21 million and net liabilities of ¥1.38 million. The transaction is subject to approval of merger agreement by the board of GMO Pepabo, Inc. and approval of offer by the shareholders of CN Inc.. The proposal for the Share Transfer was unanimously approved in writing by all Directors of GMO Pepabo, Inc, and was deemed to have been passed by a resolution of the Board of Directors. The expected completion of the transaction is September 1, 2025.Breakeven Date Change • Jun 30Forecast breakeven date pushed back to 2026The 10 analysts covering freee K.K previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of JP¥3.61b in 2026. Average annual earnings growth of 40% is required to achieve expected profit on schedule.Buy Or Sell Opportunity • Jun 04Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to JP¥4,140. The fair value is estimated to be JP¥3,421, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 24%.공시 • Jun 03freee K.K. to Report Fiscal Year 2025 Results on Aug 13, 2025freee K.K. announced that they will report fiscal year 2025 results on Aug 13, 2025Reported Earnings • May 20Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: JP¥3.63 (up from JP¥41.69 loss in 3Q 2024). Revenue: JP¥8.60b (up 29% from 3Q 2024). Net income: JP¥214.0m (up JP¥2.64b from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to JP¥4,130. The fair value is estimated to be JP¥3,437, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.분석 기사 • May 07freee K.K. (TSE:4478) Stocks Shoot Up 33% But Its P/S Still Looks Reasonablefreee K.K. ( TSE:4478 ) shares have had a really impressive month, gaining 33% after a shaky period beforehand. The...Buy Or Sell Opportunity • Apr 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to JP¥3,845. The fair value is estimated to be JP¥3,147, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.Price Target Changed • Apr 17Price target increased by 7.2% to JP¥3,809Up from JP¥3,552, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥3,700. Stock is up 36% over the past year. The company is forecast to post earnings per share of JP¥23.80 next year compared to a net loss per share of JP¥174 last year.공시 • Apr 12freee K.K. to Report Q3, 2025 Results on May 15, 2025freee K.K. announced that they will report Q3, 2025 results on May 15, 2025분석 기사 • Apr 09An Intrinsic Calculation For freee K.K. (TSE:4478) Suggests It's 33% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, freee K.K fair value estimate is JP¥4,780 freee K.K is...분석 기사 • Mar 25Is freee K.K (TSE:4478) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Buy Or Sell Opportunity • Feb 28Now 23% undervaluedOver the last 90 days, the stock has risen 33% to JP¥3,920. The fair value is estimated to be JP¥5,097, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.Price Target Changed • Feb 27Price target increased by 7.5% to JP¥3,419Up from JP¥3,180, the current price target is an average from 9 analysts. New target price is 17% below last closing price of JP¥4,100. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥9.48 next year compared to a net loss per share of JP¥174 last year.분석 기사 • Feb 18freee K.K. Just Reported A Surprise Profit And Analysts Updated Their EstimatesIt's been a good week for freee K.K. ( TSE:4478 ) shareholders, because the company has just released its latest...Breakeven Date Change • Feb 18Forecast breakeven date moved forward to 2025The 9 analysts covering freee K.K previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of JP¥135.6m in 2025. Earnings growth of 62% is required to achieve expected profit on schedule.Reported Earnings • Feb 16Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: JP¥10.67 (up from JP¥67.40 loss in 2Q 2024). Revenue: JP¥7.87b (up 30% from 2Q 2024). Net income: JP¥627.1m (up JP¥4.55b from 2Q 2024). Profit margin: 8.0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.분석 기사 • Feb 14Market Participants Recognise freee K.K.'s (TSE:4478) Revenues Pushing Shares 37% Higherfreee K.K. ( TSE:4478 ) shareholders have had their patience rewarded with a 37% share price jump in the last month...공시 • Jan 23freee K.K. (TSE:4478) agreed to acquire YUI Inc. from Hiroyasu Kawamura and Akihito Fujiwara.freee K.K. (TSE:4478) agreed to acquire YUI Inc. from Hiroyasu Kawamura and Akihito Fujiwara on January 21, 2025. For the period ending January 31, 2024, YUI Inc. reported total revenue of ¥22.09 million, EBIT of ¥0.61 million and net income of ¥0.46 million. As of January 31, 2024, YUI Inc. reported total assets of ¥7.37 million and total common equity of ¥0.36 million. The expected completion of the transaction is January 31, 2025.분석 기사 • Dec 30Is freee K.K. (TSE:4478) Trading At A 45% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, freee K.K fair value estimate is JP¥5,503 freee K.K is...분석 기사 • Dec 10Is freee K.K (TSE:4478) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Nov 17Earnings Beat: freee K.K. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsLast week, you might have seen that freee K.K. ( TSE:4478 ) released its quarterly result to the market. The early...Reported Earnings • Nov 17First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: JP¥2.90 (up from JP¥39.49 loss in 1Q 2024). Revenue: JP¥7.38b (up 29% from 1Q 2024). Net income: JP¥169.9m (up JP¥2.46b from 1Q 2024). Profit margin: 2.3% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Nov 16Consensus EPS estimates upgraded to JP¥6.26 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -JP¥18.89 to -JP¥6.26 per share. Revenue forecast steady at JP¥33.1b. Software industry in Japan expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at JP¥2,868. Share price fell 6.3% to JP¥2,798 over the past week.New Risk • Nov 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 03Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥174 loss per share (improved from JP¥216 loss in FY 2023). Revenue: JP¥25.4b (up 32% from FY 2023). Net loss: JP¥10.2b (loss narrowed 18% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 28% per year.Major Estimate Revision • Sep 12Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥15.75 to -JP¥18.40 per share. Revenue forecast unchanged at JP¥33.0b. Software industry in Japan expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at JP¥2,951. Share price fell 4.6% to JP¥2,623 over the past week.분석 기사 • Sep 01Revenues Tell The Story For freee K.K. (TSE:4478) As Its Stock Soars 29%freee K.K. ( TSE:4478 ) shareholders would be excited to see that the share price has had a great month, posting a 29...Major Estimate Revision • Aug 28Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥15.69 to -JP¥17.32 per share. Revenue forecast unchanged at JP¥33.0b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at JP¥3,005. Share price rose 8.0% to JP¥2,861 over the past week.분석 기사 • Aug 19Here's What Analysts Are Forecasting For freee K.K. (TSE:4478) After Its Annual ResultsIt's been a good week for freee K.K. ( TSE:4478 ) shareholders, because the company has just released its latest yearly...Reported Earnings • Aug 17Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥174 loss per share (improved from JP¥216 loss in FY 2023). Revenue: JP¥25.4b (up 32% from FY 2023). Net loss: JP¥10.2b (loss narrowed 18% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year and the company’s share price has also fallen by 33% per year.Major Estimate Revision • Aug 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥19.41 to -JP¥21.62 per share. Revenue forecast unchanged at JP¥33.7b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥3,085 to JP¥3,015. Share price rose 3.7% to JP¥2,375 over the past week.공시 • Aug 14freee K.K., Annual General Meeting, Sep 27, 2024freee K.K., Annual General Meeting, Sep 27, 2024.Breakeven Date Change • Jul 08Forecast to breakeven in 2026The 10 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥2.83b in 2026. Average annual earnings growth of 73% is required to achieve expected profit on schedule.Price Target Changed • Jun 19Price target decreased by 12% to JP¥3,090Down from JP¥3,494, the current price target is an average from 10 analysts. New target price is 35% above last closing price of JP¥2,297. Stock is down 37% over the past year. The company is forecast to post a net loss per share of JP¥168 next year compared to a net loss per share of JP¥216 last year.분석 기사 • Jun 07freee K.K. (TSE:4478) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessTo the annoyance of some shareholders, freee K.K. ( TSE:4478 ) shares are down a considerable 26% in the last month...공시 • Jun 05+ 1 more updatefreee K.K. to Report Q1, 2025 Results on Nov 14, 2024freee K.K. announced that they will report Q1, 2025 results on Nov 14, 2024분석 기사 • Apr 18freee K.K. (TSE:4478) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardlessfreee K.K. ( TSE:4478 ) shares have had a horrible month, losing 26% after a relatively good period beforehand. Instead...분석 기사 • Apr 17freee K.K (TSE:4478) Has Debt But No Earnings; Should You Worry?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Price Target Changed • Mar 16Price target increased by 10% to JP¥3,339Up from JP¥3,022, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of JP¥3,400. Stock is down 18% over the past year. The company is forecast to post a net loss per share of JP¥169 next year compared to a net loss per share of JP¥216 last year.Price Target Changed • Mar 09Price target increased by 9.1% to JP¥3,133Up from JP¥2,872, the current price target is an average from 9 analysts. New target price is 8.9% below last closing price of JP¥3,440. Stock is up 2.7% over the past year. The company is forecast to post a net loss per share of JP¥162 next year compared to a net loss per share of JP¥216 last year.Buy Or Sell Opportunity • Mar 05Now 22% undervaluedOver the last 90 days, the stock has risen 8.6% to JP¥3,400. The fair value is estimated to be JP¥4,340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 55%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 94% in the next 2 years.분석 기사 • Mar 01After Leaping 33% freee K.K. (TSE:4478) Shares Are Not Flying Under The Radarfreee K.K. ( TSE:4478 ) shares have had a really impressive month, gaining 33% after a shaky period beforehand. Taking...Buy Or Sell Opportunity • Feb 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to JP¥2,552. The fair value is estimated to be JP¥3,249, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 55%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 94% in the next 2 years.Breakeven Date Change • Feb 19Forecast to breakeven in 2026The 9 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥958.8m in 2026. Average annual earnings growth of 94% is required to achieve expected profit on schedule.Reported Earnings • Feb 16Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: JP¥67.40 loss per share (further deteriorated from JP¥28.40 loss in 2Q 2023). Revenue: JP¥6.05b (up 35% from 2Q 2023). Net loss: JP¥3.92b (loss widened 142% from 2Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Feb 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥147 to -JP¥166 per share. Revenue forecast unchanged at JP¥25.4b. Software industry in Japan expected to see average net income growth of 28% next year. Consensus price target down from JP¥2,972 to JP¥2,883. Share price fell 7.8% to JP¥2,534 over the past week.Reported Earnings • Nov 17First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: JP¥39.49 loss per share (improved from JP¥57.47 loss in 1Q 2023). Revenue: JP¥5.72b (up 35% from 1Q 2023). Net loss: JP¥2.29b (loss narrowed 30% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.New Risk • Nov 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.공시 • Sep 22+ 2 more updatesfreee K.K. to Report Q2, 2024 Results on Feb 14, 2024freee K.K. announced that they will report Q2, 2024 results on Feb 14, 2024Breakeven Date Change • Aug 30Forecast to breakeven in 2026The 10 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥264.9m in 2026. Average annual earnings growth of 89% is required to achieve expected profit on schedule.Major Estimate Revision • Aug 21Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥99.03 to -JP¥114 per share. Revenue forecast unchanged at JP¥25.2b. Software industry in Japan expected to see average net income growth of 15% next year. Consensus price target down from JP¥3,345 to JP¥3,218. Share price fell 10% to JP¥2,927 over the past week.Reported Earnings • Aug 15Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: JP¥216 loss per share (further deteriorated from JP¥208 loss in FY 2022). Revenue: JP¥19.2b (up 34% from FY 2022). Net loss: JP¥12.3b (loss widened 6.3% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.공시 • Aug 14freee K.K., Annual General Meeting, Sep 28, 2023freee K.K., Annual General Meeting, Sep 28, 2023.New Risk • Jul 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Breakeven Date Change • Jun 30Forecast to breakeven in 2026The 11 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥923.3m in 2026. Average annual earnings growth of 76% is required to achieve expected profit on schedule.공시 • Jun 28freee K.K. to Report Fiscal Year 2023 Results on Aug 14, 2023freee K.K. announced that they will report fiscal year 2023 results on Aug 14, 2023New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Major Estimate Revision • May 18Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥155 to -JP¥173 per share. Revenue forecast unchanged at JP¥19.0b. Software industry in Japan expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at JP¥3,185. Share price fell 3.3% to JP¥3,790 over the past week.공시 • May 17freee K.K. Provides Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2023freee K.K. provided consolidated earnings guidance for the fiscal year ending June 30, 2023. For the fiscal year ending June 30, 2023, the company expects to report net sales of JPY 18,821 million.Price Target Changed • Feb 20Price target increased by 8.1% to JP¥3,340Up from JP¥3,091, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of JP¥3,370. Stock is up 0.1% over the past year. The company is forecast to post a net loss per share of JP¥163 next year compared to a net loss per share of JP¥208 last year.Reported Earnings • Feb 15Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: JP¥28.40 loss per share (further deteriorated from JP¥15.08 loss in 2Q 2022). Revenue: JP¥4.48b (up 29% from 2Q 2022). Net loss: JP¥1.62b (loss widened 94% from 2Q 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.공시 • Dec 28freee K.K. to Report Q2, 2023 Results on Feb 14, 2023freee K.K. announced that they will report Q2, 2023 results on Feb 14, 2023Major Estimate Revision • Dec 06Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -JP¥146 to -JP¥168 per share. Revenue forecast unchanged at JP¥18.8b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target up from JP¥2,955 to JP¥3,027. Share price fell 7.8% to JP¥3,000 over the past week.Price Target Changed • Nov 17Price target increased to JP¥3,160Up from JP¥2,935, the current price target is an average from 10 analysts. New target price is 6.9% below last closing price of JP¥3,395. Stock is down 54% over the past year. The company is forecast to post a net loss per share of JP¥143 next year compared to a net loss per share of JP¥208 last year.Buying Opportunity • Nov 17Now 26% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥4,572, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has declined by 344%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 59% per annum over the same time period.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinji Asada was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 14freee K.K. Provides Net Sales Guidance for the Fiscal Year Ending June 30, 2023For the fiscal year ending June 30, 2023, freee K.K. forecasted net sales of JPY 18,821 million.공시 • Oct 01freee K.K. to Report Q1, 2023 Results on Nov 14, 2022freee K.K. announced that they will report Q1, 2023 results on Nov 14, 2022공시 • Sep 14freee K.K. (TSE:4478) agreed to acquire Rakfice business of Persol Works Design Co., Ltd..freee K.K. (TSE:4478) agreed to acquire Rakfice business of Persol Works Design Co., Ltd. on August 31, 2022. The transaction is expected to close on October 1, 2022.Price Target Changed • Aug 30Price target decreased to JP¥3,247Down from JP¥3,600, the current price target is an average from 12 analysts. New target price is 11% above last closing price of JP¥2,933. Stock is down 65% over the past year. The company is forecast to post a net loss per share of JP¥112 next year compared to a net loss per share of JP¥208 last year.Major Estimate Revision • Aug 27Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -JP¥94.80 to -JP¥110 per share. Revenue forecast unchanged at JP¥18.8b. Software industry in Japan expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at JP¥3,536. Share price was steady at JP¥2,970 over the past week.이익 및 매출 성장 예측TSE:4478 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/202859,8505,5648,078N/A106/30/202750,2993,1413,743N/A106/30/202641,9549461,907N/A103/31/202640,262687N/AN/AN/A12/31/202537,961878-3,140965N/A9/30/202535,6381,355N/AN/AN/A6/30/202533,2701,370-2163,661N/A3/31/202530,858-503N/AN/AN/A12/31/202428,909-3,147-4,618-2,273N/A9/30/202427,087-7,692N/AN/AN/A6/30/202425,430-10,150-7,429-6,767N/A3/31/202423,829-13,131N/AN/AN/A12/31/202322,272-13,658-9,276-8,684N/A9/30/202320,701-11,360N/AN/AN/A6/30/202319,219-12,338-5,483-4,753N/A3/31/202317,686-17,215N/AN/AN/A12/31/202216,242-15,161-4,254-1,901N/A9/30/202215,226-14,375N/AN/AN/A6/30/202214,380-11,609-3,167-1,069N/A3/31/202213,459-3,474N/AN/AN/A12/31/202112,498-3,374-2,302-1,796N/A9/30/202111,425-2,985N/AN/AN/A6/30/202110,258-2,756-655-192N/A3/31/20219,314-2,255N/AN/AN/A12/31/20208,439-2,353-1,188-610N/A9/30/20207,629-2,753N/AN/AN/A6/30/20206,895-2,972-2,104-1,380N/A6/30/20194,516-2,778N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4478 의 연간 예상 수익 증가율(46.6%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: 4478 의 연간 수익(46.6%)이 JP 시장(8.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 4478 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 4478 의 수익(연간 16.8%)이 JP 시장(연간 5.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 4478 의 수익(연간 16.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4478의 자본 수익률은 3년 후 21.8%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 14:24종가2026/05/21 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스freee K.K.는 19명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yuki KanekoBofA Global ResearchKeiichi YoneshimaCitigroup IncHideo NodaCLSA16명의 분석가 더 보기
분석 기사 • May 16freee K.K. Just Missed EPS By 93%: Here's What Analysts Think Will Happen NextIt's been a sad week for freee K.K. ( TSE:4478 ), who've watched their investment drop 10% to JP¥2,182 in the week...
Price Target Changed • Mar 30Price target decreased by 8.9% to JP¥3,512Down from JP¥3,855, the current price target is an average from 11 analysts. New target price is 76% above last closing price of JP¥1,991. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥16.73 for next year compared to JP¥23.27 last year.
분석 기사 • Feb 14Earnings Miss: freee K.K. Missed EPS By 55% And Analysts Are Revising Their ForecastsShareholders might have noticed that freee K.K. ( TSE:4478 ) filed its half-year result this time last week. The early...
Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥14.81 to JP¥16.30. Revenue forecast steady at JP¥41.6b. Net income forecast to grow 21% next year vs 22% growth forecast for Software industry in Japan. Consensus price target of JP¥4,009 unchanged from last update. Share price was steady at JP¥2,962 over the past week.
분석 기사 • Nov 15freee K.K. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextInvestors in freee K.K. ( TSE:4478 ) had a good week, as its shares rose 8.1% to close at JP¥3,530 following the...
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥39.24 to JP¥29.29 per share. Revenue forecast steady at JP¥41.3b. Net income forecast to grow 27% next year vs 24% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥4,033. Share price fell 6.0% to JP¥3,135 over the past week.
분석 기사 • May 16freee K.K. Just Missed EPS By 93%: Here's What Analysts Think Will Happen NextIt's been a sad week for freee K.K. ( TSE:4478 ), who've watched their investment drop 10% to JP¥2,182 in the week...
Reported Earnings • May 14Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: JP¥0.39 (down from JP¥3.62 in 3Q 2025). Revenue: JP¥10.9b (up 27% from 3Q 2025). Net income: JP¥23.0m (down 89% from 3Q 2025). Profit margin: 0.2% (down from 2.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
공시 • May 09freee K.K. to Report Q3, 2026 Results on May 13, 2026freee K.K. announced that they will report Q3, 2026 results at 9:00 AM, Tokyo Standard Time on May 13, 2026
Price Target Changed • Mar 30Price target decreased by 8.9% to JP¥3,512Down from JP¥3,855, the current price target is an average from 11 analysts. New target price is 76% above last closing price of JP¥1,991. Stock is down 44% over the past year. The company is forecast to post earnings per share of JP¥16.73 for next year compared to JP¥23.27 last year.
공시 • Mar 18freee K.K. (TSE:4478) entered into a share purchase agreement to acquire Logikura Co.freee K.K. (TSE:4478) entered into a share purchase agreement to acquire Logikura Co. on March 18, 2026. As part of the acquisition, freee K.K. is acquiring 52,500 Common shares, 7,500 Class A preferred shares, 8,400 Class B preferred shares and 15,625 Class C preferred shares of Logikura Co. Following the acquisition, Logikura Co. would become a wholly owned subsidiary of freee K.K. For the period ending March 31, 2025, Logikura Co. reported total revenue of ¥175.91 million, EBIT of ¥13.3 million and net income of ¥5.78 million. As of March 31, 2025, Logikura Co. reported total assets of ¥83.74 million and net liabilities of ¥77.7 million. The expected completion of the transaction is April 1, 2026.
New Risk • Feb 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results.
분석 기사 • Feb 14Earnings Miss: freee K.K. Missed EPS By 55% And Analysts Are Revising Their ForecastsShareholders might have noticed that freee K.K. ( TSE:4478 ) filed its half-year result this time last week. The early...
Reported Earnings • Feb 14Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: JP¥2.56 (down from JP¥10.67 in 2Q 2025). Revenue: JP¥10.2b (up 30% from 2Q 2025). Net income: JP¥151.5m (down 76% from 2Q 2025). Profit margin: 1.5% (down from 8.0% in 2Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
분석 기사 • Jan 31freee K.K.'s (TSE:4478) Earnings Haven't Escaped The Attention Of Investorsfreee K.K.'s ( TSE:4478 ) price-to-sales (or "P/S") ratio of 4.5x may look like a poor investment opportunity when you...
Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥14.81 to JP¥16.30. Revenue forecast steady at JP¥41.6b. Net income forecast to grow 21% next year vs 22% growth forecast for Software industry in Japan. Consensus price target of JP¥4,009 unchanged from last update. Share price was steady at JP¥2,962 over the past week.
분석 기사 • Dec 16freee K.K (TSE:4478) Might Have The Makings Of A Multi-BaggerIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Board Change • Dec 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Sumito Togo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Nov 29freee K.K. to Report Q2, 2026 Results on Feb 12, 2026freee K.K. announced that they will report Q2, 2026 results on Feb 12, 2026
분석 기사 • Nov 15freee K.K. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextInvestors in freee K.K. ( TSE:4478 ) had a good week, as its shares rose 8.1% to close at JP¥3,530 following the...
Reported Earnings • Nov 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥2.60 (down from JP¥2.90 in 1Q 2025). Revenue: JP¥9.74b (up 32% from 1Q 2025). Net income: JP¥154.0m (down 9.4% from 1Q 2025). Profit margin: 1.6% (down from 2.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
분석 기사 • Oct 29These 4 Measures Indicate That freee K.K (TSE:4478) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Sep 30Is freee K.K. (TSE:4478) Trading At A 46% Discount?Key Insights freee K.K's estimated fair value is JP¥6,506 based on 2 Stage Free Cash Flow to Equity freee K.K's...
분석 기사 • Aug 31freee K.K.'s (TSE:4478) Stock Retreats 26% But Revenues Haven't Escaped The Attention Of Investorsfreee K.K. ( TSE:4478 ) shares have had a horrible month, losing 26% after a relatively good period beforehand. Looking...
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥39.24 to JP¥29.29 per share. Revenue forecast steady at JP¥41.3b. Net income forecast to grow 27% next year vs 24% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥4,033. Share price fell 6.0% to JP¥3,135 over the past week.
분석 기사 • Aug 16The freee K.K. (TSE:4478) Yearly Results Are Out And Analysts Have Published New ForecastsTSE:4478 1 Year Share Price vs Fair Value Explore freee K.K's Fair Values from the Community and select yours There's...
Reported Earnings • Aug 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥23.28 (up from JP¥174 loss in FY 2024). Revenue: JP¥33.3b (up 31% from FY 2024). Net income: JP¥1.37b (up JP¥11.5b from FY 2024). Profit margin: 4.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Aug 13freee K.K., Annual General Meeting, Sep 26, 2025freee K.K., Annual General Meeting, Sep 26, 2025.
분석 기사 • Jul 29Is Now An Opportune Moment To Examine freee K.K. (TSE:4478)?freee K.K. ( TSE:4478 ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...
공시 • Jul 23freee K.K. (TSE:4478) entered into a share purchase agreement to acquire GMO Creators Network, Inc. from CN Inc for ¥1.1 billion.freee K.K. (TSE:4478) entered into a share purchase agreement to acquire GMO Creators Network, Inc. from CN Inc. for ¥1.1 billion on July 22, 2025. As a result of the Share Transfer, GMO Creators Network will be excluded from the scope of consolidation. The Company has also reviewed the future of GMO Creators Network and decided to transfer its shares in the company, expecting that GMO Creators Network will explore new opportunities to enhance its services. For the period ending December 31, 2024, GMO Creators Network, Inc. reported total revenue of ¥0.45 million, operating loss of ¥0.12 million and net loss of ¥0.14 million. As of December 31, 2024, GMO Creators Network, Inc. reported total assets of ¥1.21 million and net liabilities of ¥1.38 million. The transaction is subject to approval of merger agreement by the board of GMO Pepabo, Inc. and approval of offer by the shareholders of CN Inc.. The proposal for the Share Transfer was unanimously approved in writing by all Directors of GMO Pepabo, Inc, and was deemed to have been passed by a resolution of the Board of Directors. The expected completion of the transaction is September 1, 2025.
Breakeven Date Change • Jun 30Forecast breakeven date pushed back to 2026The 10 analysts covering freee K.K previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of JP¥3.61b in 2026. Average annual earnings growth of 40% is required to achieve expected profit on schedule.
Buy Or Sell Opportunity • Jun 04Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to JP¥4,140. The fair value is estimated to be JP¥3,421, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 24%.
공시 • Jun 03freee K.K. to Report Fiscal Year 2025 Results on Aug 13, 2025freee K.K. announced that they will report fiscal year 2025 results on Aug 13, 2025
Reported Earnings • May 20Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: JP¥3.63 (up from JP¥41.69 loss in 3Q 2024). Revenue: JP¥8.60b (up 29% from 3Q 2024). Net income: JP¥214.0m (up JP¥2.64b from 3Q 2024). Profit margin: 2.5% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • May 13Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to JP¥4,130. The fair value is estimated to be JP¥3,437, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.
분석 기사 • May 07freee K.K. (TSE:4478) Stocks Shoot Up 33% But Its P/S Still Looks Reasonablefreee K.K. ( TSE:4478 ) shares have had a really impressive month, gaining 33% after a shaky period beforehand. The...
Buy Or Sell Opportunity • Apr 18Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to JP¥3,845. The fair value is estimated to be JP¥3,147, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.
Price Target Changed • Apr 17Price target increased by 7.2% to JP¥3,809Up from JP¥3,552, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥3,700. Stock is up 36% over the past year. The company is forecast to post earnings per share of JP¥23.80 next year compared to a net loss per share of JP¥174 last year.
공시 • Apr 12freee K.K. to Report Q3, 2025 Results on May 15, 2025freee K.K. announced that they will report Q3, 2025 results on May 15, 2025
분석 기사 • Apr 09An Intrinsic Calculation For freee K.K. (TSE:4478) Suggests It's 33% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, freee K.K fair value estimate is JP¥4,780 freee K.K is...
분석 기사 • Mar 25Is freee K.K (TSE:4478) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Buy Or Sell Opportunity • Feb 28Now 23% undervaluedOver the last 90 days, the stock has risen 33% to JP¥3,920. The fair value is estimated to be JP¥5,097, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years, while earnings per share has been flat.
Price Target Changed • Feb 27Price target increased by 7.5% to JP¥3,419Up from JP¥3,180, the current price target is an average from 9 analysts. New target price is 17% below last closing price of JP¥4,100. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥9.48 next year compared to a net loss per share of JP¥174 last year.
분석 기사 • Feb 18freee K.K. Just Reported A Surprise Profit And Analysts Updated Their EstimatesIt's been a good week for freee K.K. ( TSE:4478 ) shareholders, because the company has just released its latest...
Breakeven Date Change • Feb 18Forecast breakeven date moved forward to 2025The 9 analysts covering freee K.K previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of JP¥135.6m in 2025. Earnings growth of 62% is required to achieve expected profit on schedule.
Reported Earnings • Feb 16Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: JP¥10.67 (up from JP¥67.40 loss in 2Q 2024). Revenue: JP¥7.87b (up 30% from 2Q 2024). Net income: JP¥627.1m (up JP¥4.55b from 2Q 2024). Profit margin: 8.0% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
분석 기사 • Feb 14Market Participants Recognise freee K.K.'s (TSE:4478) Revenues Pushing Shares 37% Higherfreee K.K. ( TSE:4478 ) shareholders have had their patience rewarded with a 37% share price jump in the last month...
공시 • Jan 23freee K.K. (TSE:4478) agreed to acquire YUI Inc. from Hiroyasu Kawamura and Akihito Fujiwara.freee K.K. (TSE:4478) agreed to acquire YUI Inc. from Hiroyasu Kawamura and Akihito Fujiwara on January 21, 2025. For the period ending January 31, 2024, YUI Inc. reported total revenue of ¥22.09 million, EBIT of ¥0.61 million and net income of ¥0.46 million. As of January 31, 2024, YUI Inc. reported total assets of ¥7.37 million and total common equity of ¥0.36 million. The expected completion of the transaction is January 31, 2025.
분석 기사 • Dec 30Is freee K.K. (TSE:4478) Trading At A 45% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, freee K.K fair value estimate is JP¥5,503 freee K.K is...
분석 기사 • Dec 10Is freee K.K (TSE:4478) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Nov 17Earnings Beat: freee K.K. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsLast week, you might have seen that freee K.K. ( TSE:4478 ) released its quarterly result to the market. The early...
Reported Earnings • Nov 17First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: JP¥2.90 (up from JP¥39.49 loss in 1Q 2024). Revenue: JP¥7.38b (up 29% from 1Q 2024). Net income: JP¥169.9m (up JP¥2.46b from 1Q 2024). Profit margin: 2.3% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Nov 16Consensus EPS estimates upgraded to JP¥6.26 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -JP¥18.89 to -JP¥6.26 per share. Revenue forecast steady at JP¥33.1b. Software industry in Japan expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at JP¥2,868. Share price fell 6.3% to JP¥2,798 over the past week.
New Risk • Nov 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 03Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥174 loss per share (improved from JP¥216 loss in FY 2023). Revenue: JP¥25.4b (up 32% from FY 2023). Net loss: JP¥10.2b (loss narrowed 18% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 28% per year.
Major Estimate Revision • Sep 12Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥15.75 to -JP¥18.40 per share. Revenue forecast unchanged at JP¥33.0b. Software industry in Japan expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at JP¥2,951. Share price fell 4.6% to JP¥2,623 over the past week.
분석 기사 • Sep 01Revenues Tell The Story For freee K.K. (TSE:4478) As Its Stock Soars 29%freee K.K. ( TSE:4478 ) shareholders would be excited to see that the share price has had a great month, posting a 29...
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥15.69 to -JP¥17.32 per share. Revenue forecast unchanged at JP¥33.0b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at JP¥3,005. Share price rose 8.0% to JP¥2,861 over the past week.
분석 기사 • Aug 19Here's What Analysts Are Forecasting For freee K.K. (TSE:4478) After Its Annual ResultsIt's been a good week for freee K.K. ( TSE:4478 ) shareholders, because the company has just released its latest yearly...
Reported Earnings • Aug 17Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: JP¥174 loss per share (improved from JP¥216 loss in FY 2023). Revenue: JP¥25.4b (up 32% from FY 2023). Net loss: JP¥10.2b (loss narrowed 18% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year and the company’s share price has also fallen by 33% per year.
Major Estimate Revision • Aug 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥19.41 to -JP¥21.62 per share. Revenue forecast unchanged at JP¥33.7b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥3,085 to JP¥3,015. Share price rose 3.7% to JP¥2,375 over the past week.
공시 • Aug 14freee K.K., Annual General Meeting, Sep 27, 2024freee K.K., Annual General Meeting, Sep 27, 2024.
Breakeven Date Change • Jul 08Forecast to breakeven in 2026The 10 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥2.83b in 2026. Average annual earnings growth of 73% is required to achieve expected profit on schedule.
Price Target Changed • Jun 19Price target decreased by 12% to JP¥3,090Down from JP¥3,494, the current price target is an average from 10 analysts. New target price is 35% above last closing price of JP¥2,297. Stock is down 37% over the past year. The company is forecast to post a net loss per share of JP¥168 next year compared to a net loss per share of JP¥216 last year.
분석 기사 • Jun 07freee K.K. (TSE:4478) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessTo the annoyance of some shareholders, freee K.K. ( TSE:4478 ) shares are down a considerable 26% in the last month...
공시 • Jun 05+ 1 more updatefreee K.K. to Report Q1, 2025 Results on Nov 14, 2024freee K.K. announced that they will report Q1, 2025 results on Nov 14, 2024
분석 기사 • Apr 18freee K.K. (TSE:4478) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardlessfreee K.K. ( TSE:4478 ) shares have had a horrible month, losing 26% after a relatively good period beforehand. Instead...
분석 기사 • Apr 17freee K.K (TSE:4478) Has Debt But No Earnings; Should You Worry?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Price Target Changed • Mar 16Price target increased by 10% to JP¥3,339Up from JP¥3,022, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of JP¥3,400. Stock is down 18% over the past year. The company is forecast to post a net loss per share of JP¥169 next year compared to a net loss per share of JP¥216 last year.
Price Target Changed • Mar 09Price target increased by 9.1% to JP¥3,133Up from JP¥2,872, the current price target is an average from 9 analysts. New target price is 8.9% below last closing price of JP¥3,440. Stock is up 2.7% over the past year. The company is forecast to post a net loss per share of JP¥162 next year compared to a net loss per share of JP¥216 last year.
Buy Or Sell Opportunity • Mar 05Now 22% undervaluedOver the last 90 days, the stock has risen 8.6% to JP¥3,400. The fair value is estimated to be JP¥4,340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 55%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 94% in the next 2 years.
분석 기사 • Mar 01After Leaping 33% freee K.K. (TSE:4478) Shares Are Not Flying Under The Radarfreee K.K. ( TSE:4478 ) shares have had a really impressive month, gaining 33% after a shaky period beforehand. Taking...
Buy Or Sell Opportunity • Feb 20Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to JP¥2,552. The fair value is estimated to be JP¥3,249, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 55%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 94% in the next 2 years.
Breakeven Date Change • Feb 19Forecast to breakeven in 2026The 9 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥958.8m in 2026. Average annual earnings growth of 94% is required to achieve expected profit on schedule.
Reported Earnings • Feb 16Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: JP¥67.40 loss per share (further deteriorated from JP¥28.40 loss in 2Q 2023). Revenue: JP¥6.05b (up 35% from 2Q 2023). Net loss: JP¥3.92b (loss widened 142% from 2Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Feb 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥147 to -JP¥166 per share. Revenue forecast unchanged at JP¥25.4b. Software industry in Japan expected to see average net income growth of 28% next year. Consensus price target down from JP¥2,972 to JP¥2,883. Share price fell 7.8% to JP¥2,534 over the past week.
Reported Earnings • Nov 17First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: JP¥39.49 loss per share (improved from JP¥57.47 loss in 1Q 2023). Revenue: JP¥5.72b (up 35% from 1Q 2023). Net loss: JP¥2.29b (loss narrowed 30% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
New Risk • Nov 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
공시 • Sep 22+ 2 more updatesfreee K.K. to Report Q2, 2024 Results on Feb 14, 2024freee K.K. announced that they will report Q2, 2024 results on Feb 14, 2024
Breakeven Date Change • Aug 30Forecast to breakeven in 2026The 10 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥264.9m in 2026. Average annual earnings growth of 89% is required to achieve expected profit on schedule.
Major Estimate Revision • Aug 21Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥99.03 to -JP¥114 per share. Revenue forecast unchanged at JP¥25.2b. Software industry in Japan expected to see average net income growth of 15% next year. Consensus price target down from JP¥3,345 to JP¥3,218. Share price fell 10% to JP¥2,927 over the past week.
Reported Earnings • Aug 15Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: JP¥216 loss per share (further deteriorated from JP¥208 loss in FY 2022). Revenue: JP¥19.2b (up 34% from FY 2022). Net loss: JP¥12.3b (loss widened 6.3% from FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
공시 • Aug 14freee K.K., Annual General Meeting, Sep 28, 2023freee K.K., Annual General Meeting, Sep 28, 2023.
New Risk • Jul 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Breakeven Date Change • Jun 30Forecast to breakeven in 2026The 11 analysts covering freee K.K expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥923.3m in 2026. Average annual earnings growth of 76% is required to achieve expected profit on schedule.
공시 • Jun 28freee K.K. to Report Fiscal Year 2023 Results on Aug 14, 2023freee K.K. announced that they will report fiscal year 2023 results on Aug 14, 2023
New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Major Estimate Revision • May 18Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥155 to -JP¥173 per share. Revenue forecast unchanged at JP¥19.0b. Software industry in Japan expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at JP¥3,185. Share price fell 3.3% to JP¥3,790 over the past week.
공시 • May 17freee K.K. Provides Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2023freee K.K. provided consolidated earnings guidance for the fiscal year ending June 30, 2023. For the fiscal year ending June 30, 2023, the company expects to report net sales of JPY 18,821 million.
Price Target Changed • Feb 20Price target increased by 8.1% to JP¥3,340Up from JP¥3,091, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of JP¥3,370. Stock is up 0.1% over the past year. The company is forecast to post a net loss per share of JP¥163 next year compared to a net loss per share of JP¥208 last year.
Reported Earnings • Feb 15Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: JP¥28.40 loss per share (further deteriorated from JP¥15.08 loss in 2Q 2022). Revenue: JP¥4.48b (up 29% from 2Q 2022). Net loss: JP¥1.62b (loss widened 94% from 2Q 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
공시 • Dec 28freee K.K. to Report Q2, 2023 Results on Feb 14, 2023freee K.K. announced that they will report Q2, 2023 results on Feb 14, 2023
Major Estimate Revision • Dec 06Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -JP¥146 to -JP¥168 per share. Revenue forecast unchanged at JP¥18.8b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target up from JP¥2,955 to JP¥3,027. Share price fell 7.8% to JP¥3,000 over the past week.
Price Target Changed • Nov 17Price target increased to JP¥3,160Up from JP¥2,935, the current price target is an average from 10 analysts. New target price is 6.9% below last closing price of JP¥3,395. Stock is down 54% over the past year. The company is forecast to post a net loss per share of JP¥143 next year compared to a net loss per share of JP¥208 last year.
Buying Opportunity • Nov 17Now 26% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥4,572, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has declined by 344%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 59% per annum over the same time period.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shinji Asada was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 14freee K.K. Provides Net Sales Guidance for the Fiscal Year Ending June 30, 2023For the fiscal year ending June 30, 2023, freee K.K. forecasted net sales of JPY 18,821 million.
공시 • Oct 01freee K.K. to Report Q1, 2023 Results on Nov 14, 2022freee K.K. announced that they will report Q1, 2023 results on Nov 14, 2022
공시 • Sep 14freee K.K. (TSE:4478) agreed to acquire Rakfice business of Persol Works Design Co., Ltd..freee K.K. (TSE:4478) agreed to acquire Rakfice business of Persol Works Design Co., Ltd. on August 31, 2022. The transaction is expected to close on October 1, 2022.
Price Target Changed • Aug 30Price target decreased to JP¥3,247Down from JP¥3,600, the current price target is an average from 12 analysts. New target price is 11% above last closing price of JP¥2,933. Stock is down 65% over the past year. The company is forecast to post a net loss per share of JP¥112 next year compared to a net loss per share of JP¥208 last year.
Major Estimate Revision • Aug 27Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 expected loss increased from -JP¥94.80 to -JP¥110 per share. Revenue forecast unchanged at JP¥18.8b. Software industry in Japan expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at JP¥3,536. Share price was steady at JP¥2,970 over the past week.