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CROOZ, Inc. (2138) AI Stock Analysis

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JP:2138

CROOZ, Inc.

(TSE/TYO:2138)

Select Model
Rating:38Underperform
Price Target:JPY 392.00â–¼(-9.89% Downside)
Action:downgraded
Date:10/07/26

The company's financial position is severely strained by declining revenues, persistent losses, and high leverage, which are the primary drivers of the low score. The technical trend confirms sustained selling pressure, and the negative earnings make valuation a further concern.

Positive Factors
EBITDA recoveryA return to positive EBITDA indicates that cost actions or operating improvements are beginning to support the core business. Although bottom-line losses remain, this recovery may provide a foundation for rebuilding profitability if revenue stabilization follows.
Negative Factors
Revenue contractionTwo consecutive years of declining revenue point to weakening demand or monetization pressure rather than a purely temporary fluctuation. Continued contraction would reduce operating leverage, make fixed costs harder to absorb, and complicate a durable return to profitability.

CROOZ, Inc. (2138) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%JP:2138-21.34%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 4.16B
Dividend Yield
―
Average Volume (3M)
30.03K
Price to Earnings (P/E)
-8.0
Beta (1Y)
0.26
Revenue Growth
-4.39%
EPS Growth
-29.99%
Country
Japan
Employees
856
Sector
Technology
Sector Strength
61
Industry
Software - Application

CROOZ, Inc. Business Overview & Revenue Model

Company Description

CROOZ, Inc. is a diversified enterprise operating across multiple sectors, including e-commerce, media and advertising, gaming, and financial investments. In the e-commerce realm, the company is responsible for conceptualizing, developing, and managi...

CROOZ, Inc. Financial Statement Overview

Summary

Financial health is critically weak. Revenue is in steep decline, net income is negative, debt-to-equity is dangerously high at 2.2, and free cash flow is negative. The only positive is an improving gross margin, but it is overshadowed by solvency and liquidity risks.

Income Statement

28Negative

Balance Sheet

18Very Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue12.83B11.82B14.19B14.27B14.00B15.48B
Gross Profit6.73B6.14B6.17B6.70B6.28B6.90B
EBITDA261.36M256.18M-759.40M393.34M856.45M1.50B
Net Income-522.38M-470.53M-530.40M1.01B254.88M310.44M
Balance Sheet
Total Assets31.09B30.80B29.53B27.08B25.41B25.09B
Cash, Cash Equivalents and Short-Term Investments6.09B6.57B10.10B12.86B14.31B13.77B
Total Debt19.73B19.36B17.11B11.88B10.75B11.10B
Total Liabilities22.43B21.94B20.20B16.28B15.44B15.44B
Stockholders Equity8.56B8.75B9.20B10.66B9.80B9.39B
Cash Flow
Free Cash Flow0-219.88M-835.03M187.66M1.66B941.22M
Operating Cash Flow03.39M-776.06M222.82M1.67B1.16B
Investing Cash Flow0-7.77B-6.59B-2.24B-776.76M-1.47B
Financing Cash Flow02.22B4.63B563.50M-354.12M-692.96M

CROOZ, Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price435.00

Price Trends

50DMA435.90Negative
100DMA434.82Positive
200DMA494.14Negative

Market Momentum

MACD1.29Negative
RSI51.93Neutral
STOCH34.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2138, the sentiment is Neutral. The current price of 435.00 is above the 20-day moving average (MA) of 428.15, below the 50-day MA of 435.90, and below the 200-day MA of 494.14, indicating a neutral trend. The MACD of 1.29 indicates Negative momentum. The RSI at 51.93 is Neutral, neither overbought nor oversold. The STOCH value of 34.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2138.

CROOZ, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:2138 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4477JP:447786OutperformJPY 39.16B17.41―1.51%34.68%552.65%
JP:299AJP:299A73OutperformJPY 46.64B17.99――――
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:5027JP:502759NeutralJPY 46.10B35.78―0.27%28.94%-29.21%
JP:9553JP:955358NeutralJPY 15.72B22.50――22.31%691.30%
JP:6047JP:604757NeutralJPY 6.46B-263.33―5.79%-0.10%-110.45%
JP:2138JP:213838UnderperformJPY 4.84B-7.97――-4.39%-29.99%

* Technology Sector Average

Performance Comparison

0%50%100%JP:2138JP:4477JP:5027JP:6047JP:9553JP:299ADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:2138 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2138CROOZ, Inc.435.00-118.00-21.34%
JP:4477BASE, Inc.332.0013.904.37%
JP:5027AnyMind Group Inc.749.0087.1013.16%
JP:6047Gunosy, Inc.316.00-260.33-45.17%
JP:9553MicroAd, Inc.565.00127.0029.00%
JP:299Adely inc.1083.00-272.00-20.07%
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.

Date of analysis: Oct 07, 2026