Kudan, Inc. (JP:4425)
:4425
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Kudan, Inc.
(4425)
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Rating:44Neutral
Price Target:
¥1,819.00
▲(44.14% Upside)
Action:ReiteratedDate:02/18/26
The score is pressured primarily by weak financial performance—ongoing losses and deteriorating operating/free cash flow—despite some balance-sheet support from a strong equity position. Technicals are supportive (strong uptrend), but overbought signals add near-term risk. Valuation is constrained by negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Proprietary SLAM technology
Kudan’s core SLAM software is a durable competitive asset: embedding spatial perception into robots, drones and edge devices creates high integration costs for customers, fosters product stickiness, and supports multi-year licensing and OEM relationships that can sustain revenue once adoption scales.
Negative Factors
Negative and worsening cash flow
Persistently negative operating and free cash flow undermines the company’s ability to self-fund growth and operations. Over a multi-month horizon this increases reliance on external financing, raises dilution or credit risk, and constrains investment in sales, support, and product development needed to scale licensing revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary SLAM technology
Kudan’s core SLAM software is a durable competitive asset: embedding spatial perception into robots, drones and edge devices creates high integration costs for customers, fosters product stickiness, and supports multi-year licensing and OEM relationships that can sustain revenue once adoption scales.
Read all positive factors
Kudan, Inc. (4425) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥24.28B
Dividend YieldN/A
Average Volume (3M)47.06K
Price to Earnings (P/E)35.2
Beta (1Y)1.18
Revenue Growth36.08%
EPS Growth-7.71%
CountryJP
Employees38
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)8.97
Shares Outstanding11,300,167
10 Day Avg. Volume56,010
30 Day Avg. Volume47,056
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)4.13
Price to Sales (P/S)25.01
P/FCF Ratio-14.83
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)-70.9
Revenue Forecast (FY)¥950.00M
Kudan, Inc. Business Overview & Revenue Model
Company Description
Kudan Inc. engages in the development of computer software algorithms classified as artificial perception that are machine equivalent of human eyes primarily in Japan. The company provides visual-SLAM, lidar SLAM, processor optimization, sensor fu...
How the Company Makes Money
Kudan makes money primarily by licensing its software technologies—especially its SLAM-related software—to other companies that integrate these capabilities into their own products and systems. Revenue is typically generated through (1) software l...
Kudan, Inc. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 651.23M | 517.55M | 490.95M | 332.77M | 271.96M | 127.86M |
| Gross Profit | 355.62M | 340.33M | 439.00M | 176.51M | 124.65M | 37.41M |
| EBITDA | -808.91M | -800.59M | -527.18M | -598.70M | -433.08M | -446.02M |
| Net Income | -981.96M | -801.72M | -69.92M | -413.57M | -2.24B | -1.61B |
Balance Sheet | ||||||
| Total Assets | 3.14B | 3.78B | 2.75B | 1.01B | 770.15M | 1.54B |
| Cash, Cash Equivalents and Short-Term Investments | 2.41B | 2.63B | 1.75B | 885.04M | 647.29M | 1.23B |
| Total Debt | 200.00M | 200.00M | 200.00M | 200.00M | 0.00 | 0.00 |
| Total Liabilities | 273.14M | 648.25M | 658.51M | 248.29M | 132.16M | 81.88M |
| Stockholders Equity | 2.87B | 3.13B | 2.09B | 759.78M | 637.99M | 1.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -872.50M | -509.09M | -649.28M | -498.20M | -365.31M |
| Operating Cash Flow | 0.00 | -815.07M | -490.84M | -628.94M | -494.08M | -349.81M |
| Investing Cash Flow | 0.00 | -161.80M | -432.78M | -20.34M | -137.48M | -705.60M |
| Financing Cash Flow | 0.00 | 1.85B | 1.76B | 870.09M | 9.39M | 1.78B |
Kudan, Inc. Technical Analysis
Positive
1262.00
Price Trends
1910.60
Positive
1558.23
Positive
1311.32
Positive
Market Momentum
22.99
Positive
57.45
Neutral
65.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4425, the sentiment is Positive. The current price of 1262 is below the 20-day moving average (MA) of 2034.55, below the 50-day MA of 1910.60, and below the 200-day MA of 1311.32, indicating a bullish trend. The MACD of 22.99 indicates Positive momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 65.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4425.
Kudan, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥12.87B | 37.90 | ― | ― | 25.41% | 9.69% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥40.57B | 29.34 | ― | ― | 29.56% | 86.66% | |
58 Neutral | ¥8.95B | 33.78 | ― | ― | 60.41% | -27.67% | |
52 Neutral | ¥3.40B | -2.76 | ― | ― | 1.78% | -125.35% | |
44 Neutral | ¥24.28B | 35.20 | ― | ― | 36.08% | -7.71% |
* Technology Sector Average
JP:4425
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-15.80%
Kudan, Inc. Corporate Events
Kudan Lifts FY2026 Forecast on Surging Digital Twin and Physical AI Demand
Mar 3, 2026
Kudan Inc., a Physical AI and digital twin technology specialist listed on the TSE Growth market, focuses on software and hardware solutions that enable digital twin applications and spatial recognition, serving both public and private sector clie...
Kudan Lifts FY2026 Sales Outlook as Physical AI Demand Narrows Losses
Mar 3, 2026
Kudan Inc., a TSE Growth-listed developer of Physical AI technologies and digital twin solutions, is leveraging growing public and private investment to expand its revenue base. The company’s offerings include software and hardware packages ...
Kudan Books Significant Forex Gains and R&D Subsidy as Non-Operating Income
Feb 13, 2026
Kudan Inc., a Japan-based technology firm listed on the TSE Growth market, continues to pursue research and development initiatives, including projects supported by subsidy income from the German government. Its operations are influenced by intern...
Kudan Rides Physical AI Expansion as Q3 Revenue Jumps 187% and Loss Narrows
Feb 13, 2026
Kudan Inc. reported a sharp improvement in its cumulative performance through the third quarter of the fiscal year ending March 2026, with revenue surging 187% year-on-year to JPY 718 million and the adjusted operating loss narrowing 28% to JPY 46...
Kudan Narrows Losses on Surging Revenue but Keeps Full-Year Loss Forecast
Feb 13, 2026
Kudan Inc., a Tokyo-listed provider of artificial perception and spatial recognition software, supplies its core computer vision technologies to a range of industrial partners and customers. The company targets growth in markets that rely on advan...
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.