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Kudan, Inc.
(4425)
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Rating:43Neutral
Price Target:
¥1,346.00
▲(6.66% Upside)
Action:Upgraded
Date:08/22/26
The score is driven primarily by weak financial quality—persistent operating losses and consistently negative free cash flow outweigh strong recent revenue growth and a relatively low-debt balance sheet. Technically, the stock is in a clear downtrend (price below key moving averages with negative MACD), with oversold indicators reflecting selling pressure rather than a confirmed turn. Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Strong Revenue Growth
Revenue growth of 83.8% in 2026 indicates stronger customer adoption of Kudan’s computer-vision software and services. If sustained, the expanding base could improve operating leverage and support commercialization across robotics, automation, and edge-device applications.
Negative Factors
Persistent Operating Losses
Despite rapid top-line expansion, EBIT and net income remain negative across all reported years, with losses widening again in 2025 and still negative in 2026. Revenue growth has not yet produced sustainable operating leverage or earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth of 83.8% in 2026 indicates stronger customer adoption of Kudan’s computer-vision software and services. If sustained, the expanding base could improve operating leverage and support commercialization across robotics, automation, and edge-device applications.
Read all positive factors
Kudan, Inc. (4425) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.09B
Dividend YieldN/A
Average Volume (3M)47.06K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth75.12%
EPS Growth97.01%
CountryJP
Employees30
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-2.61
Shares Outstanding11,329,267
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., founded in Tokyo, Japan in 2014, specializes in creating advanced computer software algorithms. These innovations, referred to as "artificial perception," enable machines to interpret their surroundings with visual capabilities compara...
How the Company Makes Money
Kudan makes money primarily by commercializing its computer-vision/Visual SLAM technology as software that can be integrated into customers’ products and systems. Key revenue streams include: (1) Licensing/royalties for its software (e.g., SDK or ...
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 | 1.14B | 1.20B | 517.55M | 490.95M | 332.77M | 271.96M |
| Gross Profit | 361.94M | 370.78M | 340.33M | 439.00M | 176.51M | 124.65M |
| EBITDA | -488.50M | -585.96M | -800.59M | -527.18M | -598.70M | -433.08M |
| Net Income | -29.55M | -188.27M | -801.72M | -69.92M | -413.57M | -2.24B |
Balance Sheet | ||||||
| Total Assets | 2.76B | 2.98B | 3.78B | 2.75B | 1.01B | 770.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.04B | 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 | 253.26M | 335.53M | 648.25M | 658.51M | 248.29M | 132.16M |
| Stockholders Equity | 2.50B | 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
Negative
1262.00
Price Trends
1763.72
Negative
2006.35
Negative
1778.13
Negative
Market Momentum
-94.82
Positive
40.72
Neutral
28.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4425, the sentiment is Negative. The current price of 1262 is below the 20-day moving average (MA) of 1587.80, below the 50-day MA of 1763.72, and below the 200-day MA of 1778.13, indicating a bearish trend. The MACD of -94.82 indicates Positive momentum. The RSI at 40.72 is Neutral, neither overbought nor oversold. The STOCH value of 28.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4425.
Kudan, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥37.19B | 81.95 | ― | ― | 22.56% | ― | |
72 Outperform | ¥12.46B | 49.35 | ― | ― | 12.23% | 38.11% | |
63 Neutral | ¥14.02B | 55.84 | ― | ― | 34.57% | 80.99% | |
57 Neutral | ¥4.06B | -7.24 | ― | ― | -9.43% | -8128.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | ¥16.09B | -565.90 | ― | ― | 75.12% | 97.01% |
* General Sector Average
JP:4425
Kudan, Inc.
1,477.00
446.00
43.26%
JP:3653
Morpho, Inc.
782.00
-518.00
-39.85%
JP:4375
Safie Inc.
686.00
-335.00
-32.81%
JP:5572
Ridge-i Inc.
2,970.00
-50.00
-1.66%
JP:5586
Laboro.AI, Inc.
885.00
-141.00
-13.74%
JP:334A
Visual Processing Japan Co.,Ltd
1,045.00
248.71
31.23%
Kudan, Inc. Corporate Events
Kudan Books FX Gains and R&D Impairment in First-Quarter Results
Aug 13, 2026
Kudan Inc., a TSE Growth-listed technology firm engaged in research and development-driven operations, reported notable foreign exchange gains and a small asset impairment for the first quarter of the fiscal year ending March 31, 2027. The company...
Kudan Targets Physical AI Growth With Spatial Perception Platform and Software Focus
Aug 13, 2026
Kudan is positioning its vision and spatial perception platform as core infrastructure for the Physical AI era, aiming to drive automation and productivity improvements through digital twins and mobile robotics. The company emphasizes a shift towa...
Kudan Narrows Quarterly Loss but Keeps Full-Year Outlook in Red
Aug 13, 2026
Kudan Inc., a Tokyo-listed provider of computer vision and spatial recognition software, develops algorithms and platforms that enable machines to perceive and understand three-dimensional environments. The company focuses on supplying core techno...
Kudan Confirms Board Lineup and Japan Region CEO at Annual Shareholders Meeting
Jun 26, 2026
Kudan Inc. announced that shareholders approved the election of directors at its latest Annual General Shareholders Meeting, confirming the existing top management team. Managing Director Tomo Ohno, Managing Director and CEO Daiu Ko, and Director ...
Kudan to Reclassify Surplus and Strengthen Board Ahead of Capital Strategy
May 25, 2026
Kudan Inc. plans to reallocate JPY 567,796,482 from other capital surplus to retained earnings brought forward to eliminate its accumulated deficit and improve its financial position. The move is an internal transfer within net assets and will not...
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.