enish, Inc. (JP:3667)
:3667
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enish, Inc.
(3667)
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Rating:42Neutral
Price Target:
¥52.00
▼(-8.77% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by deteriorating fundamentals—sharp revenue decline, deeply negative margins, and persistent cash burn—despite improved leverage versus 2023. Technicals add further pressure as the stock remains below key moving averages with negative MACD, while valuation offers limited support because earnings are negative and no dividend yield is provided.
Positive Factors
Scalable free-to-play monetization
The free-to-play model yields recurring revenue streams (IAPs, ads, subscriptions) and enables viral user acquisition via app stores. That structural monetization allows high lifetime value if hits are produced and supports scalable margins over time versus one-time-sale models, aiding long-term revenue potential.
Negative Factors
Sharply declining revenue
Sustained and steep revenue contraction signals a deteriorating content cycle or weakening user engagement. Over multiple years this reduces scale benefits, undermines marketing ROI and makes it harder to amortize development costs, impairing the company’s ability to restore growth without new hit titles.
Read all positive and negative factors
Positive Factors
Negative Factors
Scalable free-to-play monetization
The free-to-play model yields recurring revenue streams (IAPs, ads, subscriptions) and enables viral user acquisition via app stores. That structural monetization allows high lifetime value if hits are produced and supports scalable margins over time versus one-time-sale models, aiding long-term revenue potential.
Read all positive factors
enish, Inc. (3667) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.53B
Dividend YieldN/A
Average Volume (3M)602.80K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-22.21%
EPS Growth32.20%
CountryJP
Employees112
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-15.28
Shares Outstanding44,431,560
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. plans, develops, and operates game applications in Japan. The company was incorporated in 2009 and is based in Tokyo, Japan....
How the Company Makes Money
The company makes money primarily through revenues generated from the operation of its mobile games, typically including in-game purchases (e.g., sales of virtual items/characters, gacha-style mechanics where applicable, and other digital consumab...
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
58.40
Negative
62.86
Negative
87.44
Negative
Market Momentum
-0.65
Negative
47.88
Neutral
46.67
Neutral
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 56.05, below the 50-day MA of 58.40, and below the 200-day MA of 87.44, indicating a bearish trend. The MACD of -0.65 indicates Negative momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, 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 | ¥7.76B | 16.35 | 15.74% | 5.18% | 5.17% | 1662.63% | |
62 Neutral | ¥9.39B | 9.63 | ― | ― | 11.15% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | ¥2.48B | 10.49 | ― | ― | -10.80% | -64.63% | |
52 Neutral | ¥25.81B | -95.92 | ― | ― | -14.71% | -38.87% | |
46 Neutral | ¥18.95B | 9.33 | ― | ― | -37.68% | ― | |
42 Neutral | ¥2.53B | -1.29 | ― | ― | -22.21% | 32.20% |
* Communication Services Sector Average
JP:3667
enish, Inc.
57.00
-33.00
-36.67%
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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.