| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 743.12 | -35 |
| Intrinsic value (DCF) | 4786.76 | 318 |
| Graham-Dodd Method | 480.79 | -58 |
| Graham Formula | 1009.55 | -12 |
OpenWork Inc. (5139.T) is a leading Japanese technology company specializing in job and recruitment information platforms. Headquartered in Shibuya, Japan, OpenWork operates its flagship platform, OpenWork, which provides comprehensive employment-related data, including company reviews, salary insights, corporate performance metrics, and candidate resumes. The company also offers alternative data services on Japanese firms, catering to businesses and job seekers alike. As a subsidiary of Link and Motivation Inc., OpenWork leverages its parent company’s expertise in human resources and corporate consulting. Operating in the Internet Content & Information sector, OpenWork plays a critical role in Japan’s labor market by enhancing transparency and efficiency in recruitment. With a strong digital presence and a growing demand for data-driven hiring solutions, OpenWork is well-positioned in Japan’s evolving HR tech landscape.
OpenWork Inc. presents an intriguing investment opportunity in Japan’s HR technology sector, supported by its strong revenue growth (¥3.54B in FY 2024) and profitability (net income of ¥757M). The company’s zero debt and substantial cash reserves (¥6.62B) provide financial stability, while its negative beta (-0.22) suggests low correlation with broader market movements, potentially offering defensive characteristics. However, the lack of dividend payouts may deter income-focused investors. The company’s reliance on the domestic Japanese market could limit growth compared to global competitors, but its niche focus on alternative HR data and recruitment transparency provides a competitive edge. Investors should monitor user engagement metrics and potential expansion into adjacent HR tech services.
OpenWork Inc. competes in Japan’s HR tech and recruitment information market, differentiating itself with a data-rich platform that aggregates company reviews, salary benchmarks, and corporate performance metrics. Its competitive advantage lies in its deep integration with Japan’s labor market, offering unique alternative data services that appeal to both job seekers and corporate clients. Unlike generalist job boards, OpenWork provides granular insights into workplace culture and compensation, enhancing its value proposition. However, the company faces competition from global HR platforms expanding into Japan, which may offer broader international job listings. OpenWork’s subsidiary relationship with Link and Motivation Inc. provides strategic HR industry expertise but may also limit operational independence. The company’s financial health (strong cash position, no debt) supports further platform enhancements and potential M&A activity to bolster market share.