2025-12-07 08:20:57

Just dug into freee (4478 JP) — think of them as Japan's answer to Xero. Pretty solid numbers here: they're pushing 30% annual growth while going head-to-head with Money Forward. What caught my eye? Current valuation sits at 3.7x EV/Sales. The SaaS accounting software space in Japan is heating up, and these two are basically splitting the market right now.

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GasFeeVictim

· 2025-12-10 08:21

freee this valuation... 3.7x feels okay, but the Japanese market is a bit voluminous

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BlockchainArchaeologist

· 2025-12-10 06:34

The competition of Japanese accounting SaaS is interesting, freee and Money Forward are competing for supremacy, and the 30% growth rate is not bad, that is, the valuation of 3.7 times depends on the follow-up performance

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Layer3Dreamer

· 2025-12-10 00:17

theoretically speaking, if we map freee's market penetration as a cross-rollup state verification problem... 30% YoY growth is solid but let's consider the bridging mechanics between japan's fragmented accounting layers. 3.7x EV/Sales feels like an interoperability vector waiting to resolve itself 🤔

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MetaverseMortgage

· 2025-12-09 17:08

The Japanese accounting software sector is indeed interesting. freee and Money Forward are competing intensely, and a 30% growth rate is not bad.

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LiquidationSurvivor

· 2025-12-07 08:51

The valuation of freee really isn't budging. How's it going with Money Forward?

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SerumSquirter

· 2025-12-07 08:45

freee's valuation really isn't expensive, 30% growth with a 3.7x multiple... kind of makes me want to buy the dip.

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HypotheticalLiquidator

· 2025-12-07 08:43

A 30% growth rate looks good, but a 3.7x EV/Sales in the fiercely competitive SaaS sector makes this health factor a bit risky... Money Forward is eyeing the market, and with both companies splitting the market, any slowdown in growth could trigger a chain reaction of collapses.

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ChainDetective