Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Outside Director Akiko Kumakura was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥5.13 (vs JP¥28.58 loss in FY 2024) Full year 2025 results: EPS: JP¥5.13 (up from JP¥28.58 loss in FY 2024). Revenue: JP¥9.53b (up 13% from FY 2024). Net income: JP¥215.0m (up JP¥1.39b from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥5.13 (vs JP¥28.58 loss in FY 2024) Full year 2025 results: EPS: JP¥5.13 (up from JP¥28.58 loss in FY 2024). Revenue: JP¥9.53b (up 13% from FY 2024). Net income: JP¥215.0m (up JP¥1.39b from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Kubell Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2026 kubell Co., Ltd. provided earnings guidance for the fiscal year ending December 31, 2026. For the year, the revenue to be JPY 10,768 million ~. Announcement • Feb 13
kubell Co., Ltd., Annual General Meeting, Mar 25, 2026 kubell Co., Ltd., Annual General Meeting, Mar 25, 2026. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued Over the last 90 days, the stock has fallen 8.8% to JP¥344. The fair value is estimated to be JP¥284, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥15.7b market cap, or US$98.9m). New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). New Risk • Nov 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$95.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥14.8b market cap, or US$95.8m). Announcement • Oct 29
kubell Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025 kubell Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 11
Second quarter 2025 earnings released: EPS: JP¥0.37 (vs JP¥1.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.37 (down from JP¥1.64 in 2Q 2024). Revenue: JP¥2.30b (up 12% from 2Q 2024). Net income: JP¥15.3m (down 77% from 2Q 2024). Profit margin: 0.7% (down from 3.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jul 31
kubell Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 kubell Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Buy Or Sell Opportunity • Jul 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to JP¥518. The fair value is estimated to be JP¥427, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has declined by 122%. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. This is currently the only risk that has been identified for the company. Announcement • Jun 20
kubell Co., Ltd. Announces Changes in Executive Officers, Effective July 1, 2025 kubell Co., Ltd. at a meeting on June 18, 2025, the Board of Directors resolved the changes in executive officer positions. New appointment (as of July 1, 2025). Name: Nozomi Tokuhara. New position: Executive Officer, CPO & Deputy Head of Communication Platform Division. Previous position: Deputy Head of Communication Platform Division. Change in Scope of Responsibilities (as of July 1, 2025): Name: Yuki Tanaka. New position: Executive Officer, CTO & Deputy Head of Communication Platform Division. Previous position: Executive Officer & Deputy Head of Communication Platform Division. Name: Go Kiritani. New position: Executive Officer, CSO & Head of Incubation Division. Previous position: Executive Officer & Head of Incubation Division. Reported Earnings • May 10
First quarter 2025 earnings released: JP¥0.69 loss per share (vs JP¥1.06 loss in 1Q 2024) First quarter 2025 results: JP¥0.69 loss per share (improved from JP¥1.06 loss in 1Q 2024). Revenue: JP¥2.23b (up 16% from 1Q 2024). Net loss: JP¥29.0m (loss narrowed 33% from 1Q 2024). Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥28.58 loss per share (vs JP¥15.44 loss in FY 2023) Full year 2024 results: JP¥28.58 loss per share (further deteriorated from JP¥15.44 loss in FY 2023). Revenue: JP¥8.47b (up 31% from FY 2023). Net loss: JP¥1.17b (loss widened 89% from FY 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
kubell Co., Ltd., Annual General Meeting, Mar 26, 2025 kubell Co., Ltd., Annual General Meeting, Mar 26, 2025. Announcement • Feb 04
kubell Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 kubell Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Announcement • Dec 18
Kubell Co., Ltd. Announces Changes in Executive Officers, Effective January 1, 2025 kubell Co., Ltd. at a meeting on December 18, 2024, the Board of Directors resolved the following changes in executive officer positions. New appointment (as of January 1, 2025): Name: Kentaro Iwamoto. New position: Executive Officer & Head of Communication Platform Division. Previous position: Vice President of Communication Platform Division. Executive officer structure as of January 1, 2025: Masaki Yamamoto - Representative Director, President, Senior Executive Officer & CEO. Naoki Inoue - Director, Senior Executive Officer & CFO. Shoji Fukuda - Director, Senior Executive Officer & COO. Masaaki Tobimoto - Senior Executive Officer, CHRO & Head of Culture & Brand Division. Shinya Saito - Executive Officer & Head of HR Division. Yuki Tanaka - Executive Officer & Deputy Head of Communication Platform Division. Ryoichi Okada - Executive Officer & Head of BPaaS Division. Go Kiritani - Executive Officer & Head of Incubation Division. Shinsuke Hase - Executive Officer & Head of Corporate Division. Gen Sawaguchi - Executive Officer & Head of Corporate Planning Division. Kentaro Iwamoto - Executive Officer & Head of Communication Platform Division. Buy Or Sell Opportunity • Dec 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥666. The fair value is estimated to be JP¥551, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 58% to JP¥700. The fair value is estimated to be JP¥563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥2.67 (vs JP¥6.36 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.67 (up from JP¥6.36 loss in 3Q 2023). Revenue: JP¥2.19b (up 30% from 3Q 2023). Net income: JP¥110.0m (up JP¥366.0m from 3Q 2023). Profit margin: 5.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Oct 30
kubell Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 kubell Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 New Risk • Aug 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 (9.5% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥1.68 (vs JP¥6.84 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.68 (up from JP¥6.84 loss in 2Q 2023). Revenue: JP¥2.06b (up 37% from 2Q 2023). Net income: JP¥68.4m (up JP¥342.4m from 2Q 2023). Profit margin: 3.3% (up from net loss in 2Q 2023). Announcement • Aug 09
kubell Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 kubell Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.9% 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 (8.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.0b market cap, or US$98.1m). New Risk • May 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$94.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (JP¥14.8b market cap, or US$94.4m). Reported Earnings • May 18
First quarter 2024 earnings released: JP¥1.06 loss per share (vs JP¥3.70 loss in 1Q 2023) First quarter 2024 results: JP¥1.06 loss per share (improved from JP¥3.70 loss in 1Q 2023). Revenue: JP¥1.93b (up 36% from 1Q 2023). Net loss: JP¥43.0m (loss narrowed 71% from 1Q 2023). Announcement • May 16
Chatwork Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 Chatwork Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company expects revenue to be +30% year over year. New Risk • May 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 (8.2% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% 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. Board Change • Apr 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Akiko Kumakura was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Chatwork Co.,Ltd. to Report Q1, 2024 Results on May 10, 2024 Chatwork Co.,Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Announcement • Feb 21
Chatwork Co.,Ltd. Appoints Gen Sawaguchi as Executive Officer & General Manager of Corporate Planning Office, Effective from March 1, 2024 At a meeting on February 21, 2024, the Board of Directors of Chatwork Co.,Ltd. resolved the following changes in executive officer positions. New appointment (as of March 1, 2024): Gen Sawaguchi: New position: Executive Officer & General Manager of Corporate Planning Office. Previous position: General Manager of Corporate Planning Office. Executive officer structure as of March 1, 2024: Masaki Yamamoto - Representative Director, President, Senior Executive Officer & CEO; Naoki Inoue - Director, Senior Executive Officer & CFO; Shoji Fukuda - Director, Senior Executive Officer & COO; Masaaki Tobimoto - Senior Executive Officer, CHRO & Senior Vice President of People Division; Shinya Saito - Executive Officer & Senior Vice President of Communication Platform Division; Yuki Tanaka - Executive Officer & Vice President of Communication Platform Division; Ryoichi Okada - Executive Officer & Senior Vice President of BPaaS Division; Go Kiritani - Executive Officer & Senior Vice President of Incubation Division; Shinsuke Hase - Executive Officer & Senior Vice President of Administration Division and; Gen Sawaguchi - Executive Officer & General Manager of Corporate Planning Office. Reported Earnings • Feb 11
Full year 2023 earnings released: JP¥14.94 loss per share (vs JP¥17.32 loss in FY 2022) Full year 2023 results: JP¥14.94 loss per share (improved from JP¥17.32 loss in FY 2022). Revenue: JP¥6.49b (up 41% from FY 2022). Net loss: JP¥600.0m (loss narrowed 13% from FY 2022). Announcement • Feb 09
Chatwork Co.,Ltd., Annual General Meeting, Mar 27, 2024 Chatwork Co.,Ltd., Annual General Meeting, Mar 27, 2024. Announcement • Dec 28
Chatwork Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 Chatwork Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Announcement • Dec 20
Chatwork Co.,Ltd. Announces Executive Changes Chatwork Co.,Ltd. announces the appointment of Go Kiritani as Executive Officer & Senior Vice President of from Vice President of Incubation Division. Transfer of Ryoichi Okada as Executive Officer & SeniorVice President of BPaaS Division Incubation Division from Executive Officer & SeniorVice President of Incubation Division. Transfer of Yuki Tanaka as Executive Officer & Deputy Senior Vice President of Communication Platform Division from Executive Officer & Senior Vice President of Product Division. Reported Earnings • Nov 11
Third quarter 2023 earnings released: JP¥6.41 loss per share (vs JP¥5.44 loss in 3Q 2022) Third quarter 2023 results: JP¥6.41 loss per share (further deteriorated from JP¥5.44 loss in 3Q 2022). Revenue: JP¥1.69b (up 45% from 3Q 2022). Net loss: JP¥258.0m (loss widened 19% from 3Q 2022). Announcement • Sep 21
Chatwork Co.,Ltd. Announces Senior Executive Changes, Effective Until September 30, 2023 At a meeting on September 20, 2023, the Board of Directors of Chatwork Co.,Ltd. resolved the following changes in senior executive officer and executive officer positions. Following are appointed as Executive Officers e.g Shinya Saito, Ryoichi Okada, Shinsuke Hase and Masaaki Tobimoto is appointed as Senior Executive Officer, CHRO & Senior Vice President of People Division. Following member are stepping down (until September 30, 2023); Masayuki Yamaguchi as EVP & CNO, Shigetoshi Kasuga as Manager of Technology Infrastructure Strategy Office, Tomokazu Nishio as Vice President of CEO Office. Reported Earnings • Aug 12
Second quarter 2023 earnings released: JP¥6.84 loss per share (vs JP¥5.44 loss in 2Q 2022) Second quarter 2023 results: JP¥6.84 loss per share (further deteriorated from JP¥5.44 loss in 2Q 2022). Revenue: JP¥1.50b (up 29% from 2Q 2022). Net loss: JP¥274.0m (loss widened 27% from 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Major Estimate Revision • Feb 17
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from JP¥5.99b to JP¥6.50b. Forecast EPS reduced from -JP¥7.06 to -JP¥8.80 per share. Software industry in Japan expected to see average net income growth of 16% next year. Consensus price target up from JP¥600 to JP¥880. Share price fell 7.0% to JP¥755 over the past week. Announcement • Feb 12
Chatwork Co.,Ltd., Annual General Meeting, Mar 29, 2023 Chatwork Co.,Ltd., Annual General Meeting, Mar 29, 2023. Breakeven Date Change • Dec 31
Forecast to breakeven in 2025 The 2 analysts covering ChatworkLtd expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥600.0m in 2025. Average annual earnings growth of 61% is required to achieve expected profit on schedule. Announcement • Dec 18
Chatwork Co.,Ltd. (TSE:4448) agreed to acquire MINAGINE Co., Ltd from Eishin Co.,Ltd., Hideaki Sato and Tomokuni Nozak for ¥1 billion. Chatwork Co.,Ltd. (TSE:4448) agreed to acquire MINAGINE Co., Ltd from Eishin Co.,Ltd., Hideaki Sato and Tomokuni Nozak for ¥1 billion on December 16, 2022. Chatwork Co.,Ltd will acquire 50.9% stake from Eishin Co.,Ltd., 35.4% from Hideaki Sato and 13.7% from Tomokuni Nozak. As a part of transaction, Chatwork will acquire 94,600 shares of MINAGINE. For the period ended October 31, 2022, MINAGINE reported net assets of -¥316 million, total assets of ¥287 million, revenue of ¥481 million and operating profit of -¥57 million. The transaction is expected to complete on January 31, 2023. Major Estimate Revision • Dec 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -JP¥24.68 to -JP¥20.60 per share. Revenue forecast steady at JP¥4.55b. Software industry in Japan expected to see average net income growth of 12% next year. Consensus price target up from JP¥400 to JP¥600. Share price rose 12% to JP¥767 over the past week. Announcement • Dec 06
Chatwork Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023 Chatwork Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥400 Down from JP¥700, the current price target is provided by 1 analyst. New target price is 29% below last closing price of JP¥567. Stock is down 58% over the past year. The company is forecast to post a net loss per share of JP¥24.68 next year compared to a net loss per share of JP¥18.72 last year. Announcement • Nov 12
Chatwork Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022 Chatwork Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects revenue to be JPY 4,552 million. Operating loss to be JPY 821 million. Loss attributable to owners of parent to be JPY 782 million. Loss per share to be JPY 19.75. Major Estimate Revision • Aug 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥20.55 to -JP¥22.80 per share. Revenue forecast unchanged at JP¥4.63b. Software industry in Japan expected to see average net income growth of 17% next year. Consensus price target down from JP¥700 to JP¥525. Share price rose 4.2% to JP¥393 over the past week. Announcement • Aug 13
Chatwork Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022 Chatwork Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects revenue to be between JPY 4,451 million to JPY 4,552 million. Operating loss to be between JPY 1,086 million to JPY 944 million. Loss attributable to owners of parent to be between JPY 1,047 million to JPY 905 million. Loss per share to be between JPY 26.49 to JPY 22.89. Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥4.77b to JP¥4.63b. Losses expected to increase from JP¥18.05 per share to JP¥20.53. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥800 to JP¥700. Share price rose 5.6% to JP¥397 over the past week. Breakeven Date Change • May 25
Forecast breakeven date pushed back to 2024 The 3 analysts covering ChatworkLtd previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 73% per year to 2023. The company is expected to make a profit of JP¥63.5m in 2024. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Buying Opportunity • May 12
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be JP¥519, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 47% in a year. Earnings is forecast to grow by 14% in the next year. Price Target Changed • Apr 27
Price target decreased to JP¥950 Down from JP¥1,550, the current price target is an average from 3 analysts. New target price is 91% above last closing price of JP¥497. Stock is down 62% over the past year. The company is forecast to post a net loss per share of JP¥8.32 next year compared to a net loss per share of JP¥18.72 last year. Buying Opportunity • Mar 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 63%. The fair value is estimated to be JP¥522, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Major Estimate Revision • Feb 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -JP¥9.90 to -JP¥8.32 per share. Revenue forecast steady at JP¥4.89b. Software industry in Japan expected to see average net income growth of 12% next year. Consensus price target down from JP¥1,550 to JP¥1,400. Share price fell 7.8% to JP¥505 over the past week. Major Estimate Revision • Dec 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -JP¥24.80 to -JP¥20.40 per share. Revenue forecast steady at JP¥3.37b. Software industry in Japan expected to see average net income growth of 12% next year. Consensus price target of JP¥1,550 unchanged from last update. Share price fell 2.2% to JP¥1,026 over the past week. Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥5.96 loss per share (vs JP¥1.61 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥892.0m (up 44% from 3Q 2020). Net loss: JP¥221.0m (down 475% from profit in 3Q 2020). Price Target Changed • Aug 23
Price target decreased to JP¥1,400 Down from JP¥1,600, the current price target is provided by 1 analyst. New target price is 37% above last closing price of JP¥1,025. Stock is down 39% over the past year. Announcement • Jun 23
Chatwork Co.,Ltd. (TSE:4448) agreed to acquire a 51% stake in cloud storage business of StartiaRaise, Inc. for approximately ¥450 million. Chatwork Co.,Ltd. (TSE:4448) agreed to acquire a 51% stake in cloud storage business of StartiaRaise, Inc. for approximately ¥450 million on June 22, 2021. StartiaRaise’s cloud storage business will be spun off and Chatwork will acquire 51% of the shares of the newly established company. StartiaRaise, Inc. will hold remaining 49% stake in the new company. The name of the newly established company will be Chatwork Storage Technologies Co., Ltd. Chatwork Co.,Ltd. will borrow ¥510 million from Sumitomo Mitsui Banking Corporation for the purpose of this transaction. Shoji Fukuda will be Representative Director of Chatwork Storage Technologies Co., Ltd. At a Board of Directors meeting on June 22, 2021, Chatwork Co., Ltd. resolved to make the cloud storage business of StartiaRaise, Inc. a consolidated subsidiary. The transaction is expected to close on July 1, 2021. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥5.68 (vs JP¥1.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥2.42b (up 34% from FY 2019). Net income: JP¥208.0m (up 241% from FY 2019). Profit margin: 8.6% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 08
New 90-day low: JP¥1,200 The company is down 9.0% from its price of JP¥1,314 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥5.68 (vs JP¥1.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥2.42b (up 34% from FY 2019). Net income: JP¥208.0m (up 241% from FY 2019). Profit margin: 8.6% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Jan 01
Chatwork Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 Chatwork Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,209 The company is down 28% from its price of JP¥1,686 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Price Target Changed • Dec 01
Price target lowered to JP¥1,700 Down from JP¥2,000, the current price target is provided by 1 analyst. The new target price is 21% above the current share price of JP¥1,410. As of last close, the stock is up 19% over the past year.