Skip to main content
TipRanks
Go Ultimate75% OFF

enish, Inc. (3667) AI Stock Analysis

1 Followers
JP:3667

enish, Inc.

(TSE/TYO:3667)

Select Model
Rating:39Underperform
Price Target:JPY 18.00â–¼(-5.26% Downside)
Action:reiterated
Date:10/28/26

The extremely low overall score reflects a company in severe distress. The most significant risks are inverted unit economics, persistent cash burn, and deeply negative earnings, signaling an unsustainable financial trajectory. These disastrous fundamentals are mirrored by broken technicals, with the stock trapped in a massive downtrend showing no signs of stabilization.

Positive Factors
Improved balance-sheet leverageLower leverage provides more financial flexibility than the company had in 2023, while 2025 debt of ¥332M remained modest relative to ¥1,594M of assets. This stronger balance-sheet position may help enish sustain operations and fund recovery efforts despite current losses.
Negative Factors
Sharp revenue contractionRepeated revenue declines indicate an unfavorable demand or content cycle rather than a single-period fluctuation. Continued contraction reduces the scale available to absorb development and operating costs, weakens the foundation for recovery, and makes future margin improvement more difficult.

enish, Inc. (3667) vs. iShares MSCI Japan ETF (EWJ)

-100%-80%-60%-40%-20%0%20%40%JP:3667-76.54%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 555.63M
Dividend Yield
―
Average Volume (3M)
398.47K
Price to Earnings (P/E)
-0.5
Beta (1Y)
0.46
Revenue Growth
-35.20%
EPS Growth
10.73%
Country
Japan
Employees
82
Sector
Communication Services
Sector Strength
60
Industry
Electronic Gaming & Multimedia

enish, Inc. Business Overview & Revenue Model

Company Description

enish,inc. engages in the planning, developing, and providing mobile games applications in Japan. enish,inc. was incorporated in 2009 and is headquartered in Minato, Japan.

How the Company Makes Money

enish, Inc. generates revenue mainly from the operation of its mobile/online games. This typically includes in-game purchases (e.g., sale of virtual items, characters, or other digital content) and may also include other game-related monetization suc...

enish, Inc. Financial Statement Overview

Summary

Severe financial distress characterized by a 26% revenue contraction, highly negative gross and net margins (-53%), and persistent cash burn. Despite manageable debt levels, an ROE of -150% and inverted unit economics are rapidly depleting shareholder equity.

Income Statement

8Very Negative

Balance Sheet

28Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.90B2.17B3.32B3.51B4.12B3.89B
Gross Profit-439.53M-323.61M29.53M-377.37M348.44M505.92M
EBITDA-1.01B-856.65M-804.88M-1.20B-336.35M-241.74M
Net Income-1.10B-1.15B-882.22M-1.37B-415.44M-279.71M
Balance Sheet
Total Assets1.36B1.59B1.76B1.89B2.25B1.54B
Cash, Cash Equivalents and Short-Term Investments754.67M994.38M809.75M1.09B1.56B652.91M
Total Debt152.65M331.69M302.35M753.00M551.58M552.20M
Total Liabilities569.23M827.09M871.33M1.38B1.12B974.66M
Stockholders Equity787.69M766.49M889.46M508.54M1.13B561.75M
Cash Flow
Free Cash Flow0-876.62M-968.47M-1.35B-212.35M-535.75M
Operating Cash Flow0-873.46M-966.90M-1.34B-206.30M-526.60M
Investing Cash Flow0-108.12M-124.75M-81.92M67.20M-49.22M
Financing Cash Flow01.02B1.15B798.41M1.10B-172.12M

enish, Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price19.00

Price Trends

50DMA24.04Negative
100DMA26.35Negative
200DMA38.78Negative

Market Momentum

MACD-1.70Negative
RSI42.45Neutral
STOCH75.00Neutral

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 19.00 is below the 20-day moving average (MA) of 19.60, below the 50-day MA of 24.04, and below the 200-day MA of 38.78, indicating a bearish trend. The MACD of -1.70 indicates Negative momentum. The RSI at 42.45 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

JP:3667 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3912JP:391270OutperformJPY 6.83B13.0720.16%4.63%1.92%-26.02%
JP:3911JP:391170OutperformJPY 10.93B8.90――-20.04%-54.97%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
JP:3928JP:392855NeutralJPY 2.09B-19.95――-6.91%-173.90%
JP:3903JP:390343NeutralJPY 7.65B-4.39――26.98%-143.29%
JP:3656JP:365640UnderperformJPY 11.64B-43.94――45.41%95.43%
JP:3667JP:366739UnderperformJPY 1.07B-0.52――-35.20%10.73%

* Communication Services Sector Average

Performance Comparison

-50%0%50%JP:3667JP:3912JP:3656JP:3903JP:3911JP:3928Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3667 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3667enish, Inc.19.00-63.00-76.83%
JP:3912Mobile Factory, Inc.1059.00104.0010.89%
JP:3656KLab Inc.127.00-106.00-45.49%
JP:3903gumi, Inc.138.00-258.00-65.15%
JP:3911Aiming, Inc.228.001.000.44%
JP:3928Mynet, Inc.222.00-39.00-14.94%
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 28, 2026