enish, Inc. (JP:3667)
:3667
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enish, Inc.
(3667)
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Rating:42Neutral
Price Target:
¥30.00
▼(-47.37% Downside)
Action:Upgraded
Date:06/06/26
The score is driven primarily by weak fundamentals—sharp revenue decline, deeply negative margins, and persistent cash burn—despite improved leverage. Technicals reinforce the downside trend (price below all major moving averages and negative MACD), while valuation is constrained by ongoing losses and no indicated dividend support.
Positive Factors
Monetization Model (Free-to-Play)
A diversified free-to-play monetization mix (in-app purchases, advertising, partnerships and time-limited events) is a durable business model in gaming. It enables recurring spend per user and multiple revenue levers, supporting scalable revenue extraction from an active user base over the medium term.
Negative Factors
Sharp Revenue Decline and Deteriorating Margins
Sustained revenue contraction combined with deeply negative operating and net margins indicates weakening product-market fit or content pipeline. Structural revenue decline reduces economies of scale and makes it harder to achieve profitable unit economics, limiting durable improvement without material product or strategy change.
Read all positive and negative factors
Positive Factors
Negative Factors
Monetization Model (Free-to-Play)
A diversified free-to-play monetization mix (in-app purchases, advertising, partnerships and time-limited events) is a durable business model in gaming. It enables recurring spend per user and multiple revenue levers, supporting scalable revenue extraction from an active user base over the medium term.
Read all positive factors
enish, Inc. (3667) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.44B
Dividend YieldN/A
Average Volume (3M)602.80K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth-37.84%
EPS Growth-10.12%
CountryJP
Employees112
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-31.25
Shares Outstanding49,663,560
10 Day Avg. Volume421,410
30 Day Avg. Volume602,803
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)1.94
Price to Sales (P/S)0.68
P/FCF Ratio-1.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
enish, Inc. Business Overview & Revenue Model
Company Description
enish,inc., a company established in Tokyo, Japan, in 2009, specializes in the full scope of game application management. This includes the conceptualization and development phases, as well as the ongoing operation of these digital gaming products...
How the Company Makes Money
enish, Inc. generates revenue primarily through its free-to-play game model, where users can download games for free and make in-game purchases, such as virtual items, subscriptions, or currency that enhance their gaming experience. The company al...
enish, Inc. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
42
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.94B | 2.17B | 3.32B | 3.51B | 4.12B | 3.89B |
| Gross Profit | 27.67M | -323.61M | 29.53M | -377.37M | 348.44M | 505.92M |
| EBITDA | -620.64M | -856.65M | -804.88M | -1.20B | -336.35M | -241.74M |
| Net Income | -904.27M | -1.15B | -882.22M | -1.37B | -415.44M | -279.71M |
Balance Sheet | ||||||
| Total Assets | 1.78B | 1.59B | 1.76B | 1.89B | 2.25B | 1.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 994.38M | 809.75M | 1.09B | 1.56B | 652.91M |
| Total Debt | 303.30M | 331.69M | 302.35M | 753.00M | 551.58M | 552.20M |
| Total Liabilities | 792.32M | 827.09M | 871.33M | 1.38B | 1.12B | 974.66M |
| Stockholders Equity | 984.25M | 766.49M | 889.46M | 508.54M | 1.13B | 561.75M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -876.62M | -968.47M | -1.35B | -212.35M | -535.75M |
| Operating Cash Flow | 0.00 | -873.46M | -966.90M | -1.34B | -206.30M | -526.60M |
| Investing Cash Flow | 0.00 | -108.12M | -124.75M | -81.92M | 67.20M | -49.22M |
| Financing Cash Flow | 0.00 | 1.02B | 1.15B | 798.41M | 1.10B | -172.12M |
enish, Inc. Technical Analysis
Negative
57.00
Price Trends
45.20
Negative
52.36
Negative
71.81
Negative
Market Momentum
-4.47
Negative
23.75
Positive
5.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3667, the sentiment is Negative. The current price of 57 is above the 20-day moving average (MA) of 33.65, above the 50-day MA of 45.20, and below the 200-day MA of 71.81, indicating a bearish trend. The MACD of -4.47 indicates Negative momentum. The RSI at 23.75 is Positive, neither overbought nor oversold. The STOCH value of 5.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3667.
enish, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥6.99B | 14.49 | 15.74% | 5.18% | 5.09% | -25.54% | |
63 Neutral | ¥8.97B | 10.09 | ― | ― | -21.20% | 141.82% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | ¥2.04B | 436.86 | ― | ― | -13.72% | -97.43% | |
49 Neutral | ¥13.04B | 7.88 | ― | ― | 2.70% | -30.63% | |
42 Neutral | ¥1.44B | -0.92 | ― | ― | -37.84% | -10.12% | |
42 Neutral | ¥18.47B | -4.24 | ― | ― | -17.15% | -70.83% |
* Communication Services Sector Average
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enish, Inc.
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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.