Skip to main content
TipRanks
Go Ultimate75% OFF

Kushim,Inc. (2345) AI Stock Analysis

0 Followers
JP:2345

Kushim,Inc.

(TSE/TYO:2345)

Select Model
Rating:46.9Neutral
Price Target:JPY 95.00â–¼(-1.04% Downside)
Action:reiterated
Date:11/07/26

The overall score is heavily weighed down by a near-catastrophic financial situation, marked by a revenue collapse, massive losses, and rapid cash burn that threaten the company's viability. While recent technical momentum is strong, suggesting a speculative rally, the fundamentally broken income statement and negative valuation metrics present an extreme risk profile.

Positive Factors
Zero Debt in 2025The reported zero-debt position reduces immediate interest and refinancing pressure, while positive equity provides some balance-sheet support. This gives Kushim greater financial flexibility than a highly levered structure, although continued losses could erode that cushion over time.
Negative Factors
Severe Revenue ContractionThe extreme year-over-year revenue contraction materially weakens the company’s operating base and makes fixed-cost absorption more difficult. Unless revenue recovers, Kushim will have less capacity to fund operations, support investment, or rebuild a dependable earnings stream.

Kushim,Inc. (2345) vs. iShares MSCI Japan ETF (EWJ)

-80%-60%-40%-20%0%20%40%JP:2345-56.36%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 1.78B
Dividend Yield
―
Average Volume (3M)
586.31K
Price to Earnings (P/E)
-2.6
Beta (1Y)
0.45
Revenue Growth
―
EPS Growth
―
Country
Japan
Employees
7
Sector
Technology
Sector Strength
61
Industry
Software - Application

Kushim,Inc. Business Overview & Revenue Model

Company Description

Based in Tokyo, Japan, Kushim, Inc., established in 1997, is a multifaceted technology company engaged in blockchain solutions, comprehensive system engineering, and business incubation. Its blockchain segment focuses on developing innovative IT syst...

Kushim,Inc. Financial Statement Overview

Summary

Financial health is extremely poor. Revenue has collapsed to ¥26.6M from ¥1.6B, with a net loss of ¥1.37B. Cash flow is deeply negative (-¥639M operating), and equity has eroded dramatically. The only positive is a debt-free balance sheet, but this is overshadowed by severe going-concern risks.

Income Statement

5Very Negative

Balance Sheet

15Very Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMOct 2025Oct 2024Oct 2023Oct 2022Oct 2021
Income Statement
Total Revenue66.45M26.55M1.61B962.80M1.62B1.62B
Gross Profit31.92M24.68M438.84M-890.26M565.66M311.32M
EBITDA-419.49M-489.42M-927.88M-931.31M441.96M-39.63M
Net Income-659.79M-1.37B-1.96B-2.74B619.02M-362.70M
Balance Sheet
Total Assets274.40M533.64M86.54B60.56B6.44B3.79B
Cash, Cash Equivalents and Short-Term Investments94.10M222.84M78.43B51.80B2.25B1.69B
Total Debt001.37B1.04B308.83M369.44M
Total Liabilities76.06M105.01M85.11B57.63B596.04M728.12M
Stockholders Equity198.34M428.63M1.43B2.93B5.85B3.07B
Cash Flow
Free Cash Flow-640.14M-646.46M-610.56M-702.35M-298.37M-78.75M
Operating Cash Flow-639.09M-645.41M-607.47M-702.35M-293.93M-49.07M
Investing Cash Flow-258.15M-251.84M-301.27M549.46M66.96M-380.09M
Financing Cash Flow199.95M199.95M942.78M-52.76M354.37M1.57B

Kushim,Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price96.00

Price Trends

50DMA96.84Negative
100DMA101.21Negative
200DMA166.00Negative

Market Momentum

MACD3.48Negative
RSI48.83Neutral
STOCH23.58Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2345, the sentiment is Negative. The current price of 96.00 is above the 20-day moving average (MA) of 95.30, below the 50-day MA of 96.84, and below the 200-day MA of 166.00, indicating a neutral trend. The MACD of 3.48 indicates Negative momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 23.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2345.

Kushim,Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:2345 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4477JP:447774OutperformJPY 37.86B16.25―1.56%36.14%304.76%
JP:4448JP:444863NeutralJPY 13.69B18.75――14.06%―
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4397JP:439760NeutralJPY 5.75B15.40――23.50%2.72%
JP:5027JP:502759NeutralJPY 44.13B34.26―0.28%28.94%-29.21%
JP:5033JP:503359NeutralJPY 7.75B46.70――7.04%-67.36%
JP:2345JP:234547NeutralJPY 1.78B-2.64――――

* Technology Sector Average

Performance Comparison

-50%0%50%JP:2345JP:4397JP:4448JP:4477JP:5027JP:5033Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:2345 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2345Kushim,Inc.96.00-136.00-58.62%
JP:4397TeamSpirit, Inc.348.00-162.00-31.76%
JP:4448Chatwork Co.Ltd.321.00-33.00-9.32%
JP:4477BASE, Inc.321.00-10.93-3.29%
JP:5027AnyMind Group Inc.717.0046.136.88%
JP:5033Nulab Inc.1195.00430.0056.21%
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: Nov 06, 2026