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CROOZ, Inc. (JP:2138)
:2138
Japanese Market
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CROOZ, Inc. (2138) AI Stock Analysis

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JP:2138

CROOZ, Inc.

(2138)

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Neutral 41 (OpenAI - 5.2)
Rating:41Neutral
Price Target:
¥492.00
▼(-10.87% Downside)
Action:Reiterated
Date:05/16/26
The score is held down primarily by deteriorating financial performance (losses, negative free cash flow, and rising leverage) and a bearish technical setup (price below key moving averages with negative MACD). Valuation is difficult to support using P/E due to negative earnings, with no dividend yield provided.
Positive Factors
Diversified revenue streams
CROOZ's mix of mobile gaming and e-commerce provides structural revenue diversification, reducing single-market dependency. Over 2–6 months this supports resilience versus peers focused on one vertical, enabling cross-promotions, multiple monetization levers and steadier demand exposure.
Negative Factors
Revenue decline
Sustained revenue contraction is a core structural risk: it narrows margins, erodes pricing power, and makes fixed-cost absorption harder. Without product or market improvements, declining top line undermines long-term profitability and the ability to fund growth or deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
CROOZ's mix of mobile gaming and e-commerce provides structural revenue diversification, reducing single-market dependency. Over 2–6 months this supports resilience versus peers focused on one vertical, enabling cross-promotions, multiple monetization levers and steadier demand exposure.
Read all positive factors

CROOZ, Inc. (2138) vs. iShares MSCI Japan ETF (EWJ)

CROOZ, Inc. Business Overview & Revenue Model

Company Description
CROOZ, Inc. engages in the e-commerce, media and advertising, gaming, and investment and financial businesses. The company plans, develops, and operates SHOPLIST.com, a fashion mail order; and offers EC site system construction, operation contract...
How the Company Makes Money
CROOZ, Inc. generates revenue through two main streams: its mobile gaming business and e-commerce operations. In the mobile gaming segment, the company earns money from in-app purchases, subscriptions, and advertisements featured within its games....

CROOZ, Inc. Financial Statement Overview

Summary
Fundamentals are weak: revenue declined (~-0.6% in 2025 and ~-11.9% in 2026), the company shifted from profitability in 2024 to net losses in 2025–2026, and cash generation deteriorated with negative operating cash flow in 2025 and negative free cash flow in 2025–2026. Leverage increased (debt up to ~¥19.36B while equity fell to ~¥8.75B), reducing flexibility despite some EBITDA improvement in 2026.
Income Statement
34
Negative
Balance Sheet
44
Neutral
Cash Flow
26
Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue13.42B11.82B14.19B14.27B14.00B15.48B
Gross Profit6.17B6.14B6.17B6.70B6.28B6.90B
EBITDA-439.78M256.18M-759.40M393.34M856.45M1.50B
Net Income-404.53M-470.53M-530.40M1.01B254.88M310.44M
Balance Sheet
Total Assets28.61B30.80B29.53B27.08B25.41B25.09B
Cash, Cash Equivalents and Short-Term Investments8.93B6.57B10.10B12.86B14.31B13.77B
Total Debt16.49B19.36B17.11B11.88B10.75B11.10B
Total Liabilities19.44B21.94B20.20B16.28B15.44B15.44B
Stockholders Equity9.05B8.75B9.20B10.66B9.80B9.39B
Cash Flow
Free Cash Flow0.00-219.88M-835.03M187.66M1.66B941.22M
Operating Cash Flow0.003.39M-776.06M222.82M1.67B1.16B
Investing Cash Flow0.00-7.77B-6.59B-2.24B-776.76M-1.47B
Financing Cash Flow0.002.22B4.63B563.50M-354.12M-692.96M

CROOZ, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price552.00
Price Trends
50DMA
532.02
Negative
100DMA
558.89
Negative
200DMA
580.23
Negative
Market Momentum
MACD
-4.39
Negative
RSI
42.23
Neutral
STOCH
41.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2138, the sentiment is Negative. The current price of 552 is above the 20-day moving average (MA) of 521.40, above the 50-day MA of 532.02, and below the 200-day MA of 580.23, indicating a bearish trend. The MACD of -4.39 indicates Negative momentum. The RSI at 42.23 is Neutral, neither overbought nor oversold. The STOCH value of 41.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2138.

CROOZ, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
¥46.90B14.64
64
Neutral
¥30.90B15.6232.07%349.54%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
59
Neutral
¥15.56B17.3415.58%
51
Neutral
¥32.47B36.7918.09%-50.60%
48
Neutral
¥12.34B29.783.48%2.04%
41
Neutral
¥5.76B-10.55-16.71%7.48%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:2138
CROOZ, Inc.
519.00
-106.00
-16.96%
JP:4477
BASE, Inc.
265.00
-142.99
-35.05%
JP:5027
AnyMind Group Inc.
506.00
-63.19
-11.10%
JP:6047
Gunosy, Inc.
518.00
-58.52
-10.15%
JP:9553
MicroAd, Inc.
596.00
251.00
72.75%
JP:299A
dely inc.
1,087.00
-477.00
-30.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 16, 2026