Is Atrae, Inc. profitable in 2026?

Atrae remains profitable but volatile. It cut guidance 14% in August 2025, then saw ordinary profit fall 57% YoY in its Oct-Dec 2025 quarter, before issuing an 18% upward revision to full-year ordinary profit in June 2026 alongside a dividend hike, per company filings covered by Yahoo Finance Japan and ullet.com.

Could AI replace Atrae's Green recruiting platform?

Green's core function is résumé-to-job matching, a category increasingly targeted by generative-AI sourcing and screening tools. Atrae has not publicly disclosed integrating a frontier LLM into Green as of 2026; its main AI feature, Wevot, is an internally built chat advisor added to Wevox in August 2023, not Green.

Who owns Atrae, Inc.?

Atrae is an independent, publicly traded company with no parent, listed on the Tokyo Stock Exchange Prime Market under ticker 6194. Japan's Government Pension Investment Fund held roughly 10.1% of shares as of March 31, 2023, per WSJ data cited December 15, 2025.

Is Atrae's stock and earnings volatile?

Yes. Atrae cut full-year ordinary-profit guidance 14% in August 2025, reported a 57% YoY ordinary-profit decline for its Oct-Dec 2025 quarter, then issued an 18% upward revision in June 2026. Market cap has ranged roughly ¥15-18.7 billion with shares trading between ¥620-860 through July 25, 2026.

Who is Atrae's biggest competitor?

Recruit Holdings, Japan's dominant HR-tech conglomerate behind Indeed and Rikunabi, is the largest adjacent incumbent and is not structurally barred from contingency IT recruiting like Green's. Wantedly competes directly with an overlapping jobs-and-engagement-survey product, while Kaonavi is cited as a category peer in HR-SaaS engagement analytics as of February 2026.

How big is Wevox, Atrae's engagement platform?

Wevox reported over 4,200 client organizations and 426.8 million cumulative survey responses as of a February 2026 company announcement, up from 4,100+ organizations and 400 million responses in November 2025, and 3,530+ organizations with 300 million responses in November 2024, according to Atrae and Boxil data.

Job boards and HR platforms · Japan

Atrae, Inc.

atrae.co.jp ↗

Japanese HR-tech firm running Green recruiting and Wevox employee engagement analytics.

Losing its protection

Assessed 26 July 2026 · Evidence as of 26 July 2026

The structural protection is eroding.

On the recordSince 26 July 2026 · Checkable from Aug 12, 2026 · Every call on the record Checkpoint: Q3 FY2026 earnings release, key test after 14% cut, 57% profit miss, and 18% upward revision in the prior 10 months

The call

Atrae is profitable and growing its data footprint, but its earnings have swung sharply three times in ten months, and neither Green nor Wevox is protected from bigger players adding similar tools.

Atrae makes two tools: Wevox, which lets companies survey employees on how engaged they are (used by over 4,200 organizations), and Green, a service that finds temporary IT workers for companies that need them quickly. The problem is that neither tool is hard for competitors to copy. Recruit Holdings, Japan's biggest HR company, already does similar things and could bundle Wevox-like surveys into their existing products, while new AI systems could eventually do Green's job of matching workers to jobs without needing a middleman. What makes this risky is that Atrae's profits have swung up and down dramatically in just a few months, with one quarter showing nearly 60 percent less profit than expected, then a warning cut, then a big upgrade, which suggests the business has thin margins and few defenses against a real downturn.

Why

AI pressure: AI-native resume matching and sourcing tools from platforms like Indeed. AI matching could route candidates and jobs directly, cutting out Green's contingency recruiting fee layer. Could AI do the core job? Yes, likely.

Bigger players: Recruit Holdings (Indeed, Rikunabi, Recruit Agent). Recruit already runs AI-assisted matching and job ads at far greater scale, and nothing stops it from adding engagement analytics to compete with Wevox. Could a giant copy it? Yes, easily.

What protects it. Wevox's large accumulated survey dataset (400M+ responses, 4,100+ orgs) and its embedding in client HR workflows create switching friction.

What would change this call

Atrae's Aug 12, 2026 earnings print shows another sharp downward reversal. Would confirm structural margin volatility rather than a stabilizing trend.
Kaonavi or another HRIS vendor launches bundled engagement-pulse analytics comparable to Wevox. Would show Wevox's data moat is being commoditized by adjacent platforms.
Recruit Holdings publicly expands Indeed or Recruit Agent into AI-native contingency IT recruiting. Would show the incumbent directly encroaching on Green's niche.

Key numbers

FY2025 revenue fell 11% YoY to ¥7.63 billion (2025-12-15)
Q1 FY2026 ordinary profit dropped 57% YoY (2026-02-09)
Wevox reached 4,100+ orgs, 400M+ survey responses (2025-12-23)

Named risks

AI-native résumé sourcing and matching tools could compress Green's intermediary role in IT recruiting. Severity: high
Earnings volatility: 57% profit collapse in Q1 FY2026 after a 14% guidance cut signals thin operational margins. Severity: high
Recruit Holdings and BizReach face no structural barrier to entering Green's or Wevox's niches. Severity: medium
Wevox has not shipped deep HRIS/payroll integration, limiting switching-cost lock-in versus bundled HR platforms. Severity: medium
Small non-consolidated headcount (~125 as of Dec 2025) limits capacity to defend against larger incumbents. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Recruit Holdings	contesting	Nothing structurally blocks Recruit's Indeed/Rikunabi/Recruit Agent from Green's contingency IT recruiting niche, per 2026 market commentary
BizReach	contesting	Cited alongside Recruit Holdings as a sector bellwether competing in adjacent HR-tech niches to Atrae
Wantedly	contesting	Operates overlapping jobs platform plus engagement-survey product comparable to Wevox as of 2025-2026
Kaonavi	gaining on	Named as category competitor in an HR-SaaS leadership whitepaper item involving Atrae, 2026-02-20

Questions people ask

Is Atrae, Inc. profitable in 2026?: Atrae remains profitable but volatile. It cut guidance 14% in August 2025, then saw ordinary profit fall 57% YoY in its Oct-Dec 2025 quarter, before issuing an 18% upward revision to full-year ordinary profit in June 2026 alongside a dividend hike, per company filings covered by Yahoo Finance Japan and ullet.com.
Could AI replace Atrae's Green recruiting platform?: Green's core function is résumé-to-job matching, a category increasingly targeted by generative-AI sourcing and screening tools. Atrae has not publicly disclosed integrating a frontier LLM into Green as of 2026; its main AI feature, Wevot, is an internally built chat advisor added to Wevox in August 2023, not Green.
Who owns Atrae, Inc.?: Atrae is an independent, publicly traded company with no parent, listed on the Tokyo Stock Exchange Prime Market under ticker 6194. Japan's Government Pension Investment Fund held roughly 10.1% of shares as of March 31, 2023, per WSJ data cited December 15, 2025.
Is Atrae's stock and earnings volatile?: Yes. Atrae cut full-year ordinary-profit guidance 14% in August 2025, reported a 57% YoY ordinary-profit decline for its Oct-Dec 2025 quarter, then issued an 18% upward revision in June 2026. Market cap has ranged roughly ¥15-18.7 billion with shares trading between ¥620-860 through July 25, 2026.
Who is Atrae's biggest competitor?: Recruit Holdings, Japan's dominant HR-tech conglomerate behind Indeed and Rikunabi, is the largest adjacent incumbent and is not structurally barred from contingency IT recruiting like Green's. Wantedly competes directly with an overlapping jobs-and-engagement-survey product, while Kaonavi is cited as a category peer in HR-SaaS engagement analytics as of February 2026.
How big is Wevox, Atrae's engagement platform?: Wevox reported over 4,200 client organizations and 426.8 million cumulative survey responses as of a February 2026 company announcement, up from 4,100+ organizations and 400 million responses in November 2025, and 3,530+ organizations with 300 million responses in November 2024, according to Atrae and Boxil data.

Timeline

2026-07-20Altiri Chiba, Atrae's minority-stake basketball club, promoted to B.LEAGUE PREMIER for 2026-27 season
2026-06-10Atrae issues 18% upward revision to full-year ordinary profit alongside dividend increase
2026-05-19Wevox rebranded as Team Experience Platform for its 10th anniversary
2026-05-14Digital Yutai Club shareholder benefit program introduced
2026-02-10Atrae announces share buyback and cancellation program
2026-02-09FY2026 Q1 (Oct-Dec 2025) ordinary profit falls 57% YoY on revenue up only 0.9%
2025-08-11Atrae cuts full-year ordinary-profit guidance by 14%
2025-01-20Wevox obtains patent on pulse-survey pacing methodology
2024-06-21Atrae divests 86% of basketball subsidiary Altiri Chiba for ¥500 million
2023-08-17AI chat-advisory feature Wevot added to Wevox

Revision history

26 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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