Kudan, Inc. (JP:4425)
:4425
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Kudan, Inc.
(4425)
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Rating:47Neutral
Price Target:
¥1,920.00
▲(52.14% Upside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by persistent losses and consistently negative free cash flow, despite strong recent revenue growth and a relatively low-debt balance sheet. Technicals are also weak with the stock trading below key moving averages and low momentum indicators. Valuation provides limited support given the 35.2 P/E and no dividend yield data.
Positive Factors
Revenue acceleration
Sustained high revenue growth indicates meaningful product-market fit for Kudan's SLAM solutions and expanding customer adoption. Over 2-6 months this supports scale opportunities, strengthens licensing leverage, and increases the addressable revenue base if monetization and retention hold.
Negative Factors
Persistent negative free cash flow
Chronic negative operating and free cash flow forces reliance on external financing, increasing dilution or debt risk. Even with narrower losses recently, continued cash consumption threatens the firm's ability to fund commercialization and R&D sustainably without material capital raises within months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration
Sustained high revenue growth indicates meaningful product-market fit for Kudan's SLAM solutions and expanding customer adoption. Over 2-6 months this supports scale opportunities, strengthens licensing leverage, and increases the addressable revenue base if monetization and retention hold.
Read all positive factors
Kudan, Inc. (4425) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.03B
Dividend YieldN/A
Average Volume (3M)47.06K
Price to Earnings (P/E)35.2
Beta (1Y)1.24
Revenue Growth131.28%
EPS Growth76.67%
CountryJP
Employees38
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-87.04
Shares Outstanding11,301,667
10 Day Avg. Volume56,010
30 Day Avg. Volume47,056
Financial Highlights & Ratios
PEG Ratio1.50
Price to Book (P/B)8.25
Price to Sales (P/S)18.22
P/FCF Ratio-33.82
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)-35.4
Revenue Forecast (FY)¥1.40B
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 and related computer-vision/SLAM technology to customers that integrate the technology into their products and systems. Revenue is generated through software license fees (including licenses to...
Kudan, Inc. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 651.23M | 1.20B | 517.55M | 490.95M | 332.77M | 271.96M |
| Gross Profit | 355.62M | 370.78M | 340.33M | 439.00M | 176.51M | 124.65M |
| EBITDA | -808.91M | -585.96M | -800.59M | -527.18M | -598.70M | -433.08M |
| Net Income | -981.96M | -188.27M | -801.72M | -69.92M | -413.57M | -2.24B |
Balance Sheet | ||||||
| Total Assets | 3.14B | 2.98B | 3.78B | 2.75B | 1.01B | 770.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.41B | 1.99B | 2.63B | 1.75B | 885.04M | 647.29M |
| Total Debt | 200.00M | 200.00M | 200.00M | 200.00M | 200.00M | 0.00 |
| Total Liabilities | 273.14M | 335.53M | 648.25M | 658.51M | 248.29M | 132.16M |
| Stockholders Equity | 2.87B | 2.64B | 3.13B | 2.09B | 759.78M | 637.99M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -644.81M | -872.50M | -509.09M | -649.28M | -498.20M |
| Operating Cash Flow | 0.00 | -632.05M | -815.07M | -490.84M | -628.94M | -494.08M |
| Investing Cash Flow | 0.00 | -13.73M | -161.80M | -432.78M | -20.34M | -137.48M |
| Financing Cash Flow | 0.00 | 18.46M | 1.85B | 1.76B | 870.09M | 9.39M |
Kudan, Inc. Technical Analysis
Neutral
1262.00
Price Trends
2335.52
Negative
1971.47
Positive
1523.63
Positive
Market Momentum
37.56
Positive
39.05
Neutral
6.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4425, the sentiment is Neutral. The current price of 1262 is below the 20-day moving average (MA) of 2658.25, below the 50-day MA of 2335.52, and below the 200-day MA of 1523.63, indicating a neutral trend. The MACD of 37.56 indicates Positive momentum. The RSI at 39.05 is Neutral, neither overbought nor oversold. The STOCH value of 6.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥13.13B | 50.36 | ― | ― | 26.18% | -33.28% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥40.79B | 29.34 | ― | ― | 25.82% | ― | |
58 Neutral | ¥9.42B | 33.78 | ― | ― | 17.58% | -28.24% | |
52 Neutral | ¥3.41B | -2.76 | ― | ― | -6.31% | -220.97% | |
47 Neutral | ¥22.03B | 35.20 | ― | ― | 131.28% | 76.67% |
* Technology Sector Average
JP:4425
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Kudan, Inc. Corporate Events
Kudan highlights shift to high-margin software and Physical AI data services in FY2026 Q&A
May 18, 2026
Kudan Inc. has released an English transcript of the QA session from its FY2026 financial results presentation for institutional investors and analysts, offering greater transparency into its evolving revenue model. Management explained that softw...
Kudan Narrows Losses on Surging Sales and FX Gains in Fiscal 2026
May 14, 2026
Kudan Inc., a Japan-based provider of spatial recognition technology for digital twin and robotics applications in the emerging Physical AI market, reported a sharp increase in net sales for the fiscal year ended March 31, 2026, driven by expansio...
Kudan positions spatial perception tech at core of emerging Physical AI market
May 14, 2026
Kudan has made available online the video and an English transcript of its financial results presentation for the fiscal year ended March 31, 2026, led by CEO Daiu Ko. The original video is in Japanese, while the English transcript is provided to ...
Kudan Charts Path to Profitability as Core Tech Provider for Physical AI
May 14, 2026
Kudan Inc., a TSE Growth-listed spatial perception technology specialist, is positioning its software-centric platform as core infrastructure for Physical AI, enabling robots and devices to perceive and navigate real-world environments. The compan...
Kudan Doubles Sales but Stays in the Red, Signals Weaker Revenue Ahead
May 14, 2026
Kudan Inc. reported consolidated net sales of ¥1,196 million for the fiscal year ended March 31, 2026, more than doubling from the previous year, while significantly narrowing its loss attributable to owners of the parent to ¥188 million...
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 ...
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.