Kushim,Inc. (2345) AI Stock Analysis

• Market Cap: ¥4.53B
• Dividend Yield: N/A
• Average Volume (3M): 647.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 80
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -5.39
• Shares Outstanding: 18,608,732
• 10 Day Avg. Volume: 511,790
• 30 Day Avg. Volume: 647,436
• PEG Ratio: 0.10
• Price to Book (P/B): 10.29
• Price to Sales (P/S): 166.19
• P/FCF Ratio: -6.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ¥254.00 ▲(16.51% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by weak financial performance (sharp revenue contraction, sustained losses, and persistent negative free cash flow). Technicals are mixed, with some near-term momentum indicators improving but price still below key moving averages. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Improved leverage (zero debt)

The 2025 balance sheet reports zero debt and positive equity, reducing interest burden and lowering immediate refinancing risk. This stronger leverage profile gives management durable optionality to prioritize operations or M&A without near-term debt servicing constraints, improving strategic flexibility.

Negative Factors

Severe revenue collapse

A drop from 1.61B to 26.6M is a structural red flag: it suggests loss of customers, contracts, or product relevance. Such an extreme contraction impairs economies of scale, destabilizes forecasting, and makes fixed cost absorption and recovery materially harder absent clear, sustained business-model changes or major customer wins.

Kushim,Inc. Business Overview & Revenue Model

Company Description

Kushim, Inc. engages in the blockchain service, system engineering, and incubation businesses in Japan. It offers development of systems that applied advanced IT technology; research aimed at social implementation of advanced IT technology; blockc...

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Kushim, Inc. engages in the blockchain service, system engineering, and incubation businesses in Japan. It offers development of systems that applied advanced IT technology; research aimed at social implementation of advanced IT technology; blockc...

Kushim,Inc. Financial Statement Overview

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	26.55M	1.61B	962.80M	1.62B	1.62B
Gross Profit	24.68M	438.84M	-890.26M	565.66M	311.32M
EBITDA	-489.42M	-927.88M	-931.31M	441.96M	-39.63M
Net Income	-1.37B	-1.96B	-2.74B	619.02M	-362.70M
Balance Sheet
Total Assets	533.64M	86.54B	60.56B	6.44B	3.79B
Cash, Cash Equivalents and Short-Term Investments	222.84M	78.43B	51.80B	2.25B	1.69B
Total Debt	0.00	1.37B	1.04B	308.83M	369.44M
Total Liabilities	105.01M	85.11B	57.63B	596.04M	728.12M
Stockholders Equity	428.63M	1.43B	2.93B	5.85B	3.07B
Cash Flow
Free Cash Flow	-646.46M	-610.56M	-702.35M	-298.37M	-78.75M
Operating Cash Flow	-645.41M	-607.47M	-702.35M	-293.93M	-49.07M
Investing Cash Flow	-251.84M	-301.27M	549.46M	66.96M	-380.09M
Financing Cash Flow	199.95M	942.78M	-52.76M	354.37M	1.57B

Kushim,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 218.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2345, the sentiment is Positive. The current price of 218 is below the 20-day moving average (MA) of 239.20, below the 50-day MA of 230.08, and below the 200-day MA of 236.71, indicating a bullish trend. The MACD of 7.37 indicates Negative momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 85.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2345.

Kushim,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5033	66 Neutral	¥4.84B	21.99	―	―	7.60%	19.13%
4477	64 Neutral	¥34.66B	20.10	―	―	27.97%	-5.25%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4397	60 Neutral	¥6.74B	27.15	―	―	11.32%	―
4448	58 Neutral	¥12.09B	23.59	―	―	14.63%	-760.87%
5027	49 Neutral	¥24.29B	39.28	―	―	20.84%	10.41%
2345	45 Neutral	¥4.53B	-11.32	―	―	―	―