GoAI
Get started
HODL 1,inc. logo

HODL 1,inc.

2345.T

JPXTechnologySoftware - Application

Open in GoAI

Latest quote

¥113

+¥5.00 · +4.63%

Aug 24, 3:30 PM JST

2345.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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 systems, researching the practical application of advanced technologies, delivering specialized blockchain research, and producing and distributing educational content related to blockchain. The system engineering division manages the entire project lifecycle, from initial conceptualization and defining requirements to design, testing, ongoing operation, and maintenance. This segment also extends to offering financial support through investments and loans for various corporate and project initiatives. Furthermore, Kushim fosters new ventures through its incubation services, providing strategic management, commercialization consulting, and project development assistance. The company also contributes to the advanced IT workforce by offering professional training and operating talent placement services. Kushim, Inc. assumed its current name in May 2020, having previously been known as iStudy Co., Ltd.

Industry
Software - Application
Sector
Technology
Headquarters
JP
CEO
Hiroki Tahara
Listed since
Dec 13, 2002
Employees
7

Market position

Day range

Current ¥113

52-week range

Current ¥113

Open
¥107
Previous close
¥108
Volume
688.8K
1.17× average
Average volume
591.01K
Average daily volume
Market cap
2.1B JPY
Beta
-0.87
Market reference 1
50-day average
¥114.02
-0.89% below average
200-day average
¥199.71
-43.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.19B JPY
P/E (TTM)
-3.38×
P/B (TTM)
8.6×
P/S (TTM)
35.1×
EV / EBITDA
-8.56×
Earnings yield
-30.97%
Free cash flow yield
-14.65%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
50.48%
Operating margin
-642.97%
Net margin
-1009.52%
Return on equity
-318.81%
Return on assets
-256.08%
Return on invested capital
-113.46%

Financial health

Debt / equity
0×
Current ratio
2.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends617%-1479%-3575%-5671%Gross margin, FY2021: 19.19%Gross margin, FY2022: 34.98%Gross margin, FY2023: -92.47%Gross margin, FY2024: 27.20%Gross margin, FY2025: 92.96%Operating margin, FY2021: -8.30%Operating margin, FY2022: 12.35%Operating margin, FY2023: -131.44%Operating margin, FY2024: -70.27%Operating margin, FY2025: -1844.31%Net margin, FY2021: -22.36%Net margin, FY2022: 38.28%Net margin, FY2023: -284.89%Net margin, FY2024: -121.50%Net margin, FY2025: -5147.00%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.19%. Gross margin FY2022 34.98%. Gross margin FY2023 -92.47%. Gross margin FY2024 27.20%. Gross margin FY2025 92.96%. Operating margin FY2021 -8.30%. Operating margin FY2022 12.35%. Operating margin FY2023 -131.44%. Operating margin FY2024 -70.27%. Operating margin FY2025 -1844.31%. Net margin FY2021 -22.36%. Net margin FY2022 38.28%. Net margin FY2023 -284.89%. Net margin FY2024 -121.50%. Net margin FY2025 -5147.00%.

Income trends

Revenue

26.55M JPY-98.35%

Operating income

−489.67M JPY+56.81%

Net income

−1.37B JPY+30.29%
Income trends across reported periods2.06B JPY312.47M JPY−1.43B JPY−3.18B JPYRevenue, FY2021: 1.62B JPYRevenue, FY2022: 1.62B JPYRevenue, FY2023: 962.8M JPYRevenue, FY2024: 1.61B JPYRevenue, FY2025: 26.55M JPYOperating income, FY2021: −134.7M JPYOperating income, FY2022: 199.64M JPYOperating income, FY2023: −1.27B JPYOperating income, FY2024: −1.13B JPYOperating income, FY2025: −489.67M JPYNet income, FY2021: −362.7M JPYNet income, FY2022: 619.02M JPYNet income, FY2023: −2.74B JPYNet income, FY2024: −1.96B JPYNet income, FY2025: −1.37B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.62B JPY. Revenue FY2022 1.62B JPY. Revenue FY2023 962.8M JPY. Revenue FY2024 1.61B JPY. Revenue FY2025 26.55M JPY. Operating income FY2021 −134.7M JPY. Operating income FY2022 199.64M JPY. Operating income FY2023 −1.27B JPY. Operating income FY2024 −1.13B JPY. Operating income FY2025 −489.67M JPY. Net income FY2021 −362.7M JPY. Net income FY2022 619.02M JPY. Net income FY2023 −2.74B JPY. Net income FY2024 −1.96B JPY. Net income FY2025 −1.37B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue26.55M JPY1.61B JPY962.8M JPY1.62B JPY1.62B JPY
Cost of goods sold1.87M JPY1.17B JPY1.85B JPY1.05B JPY1.31B JPY
Gross profit24.68M JPY438.84M JPY−890.27M JPY565.66M JPY311.32M JPY
Selling, general, and administrative458.67M JPY1.57B JPY375.27M JPY366.03M JPY446.01M JPY
Operating expenses514.35M JPY1.57B JPY375.27M JPY366.03M JPY446.01M JPY
Interest income34.24M JPY367K JPY619K JPY3.05M JPY6M JPY
Interest expense2.93M JPY25.22M JPY2.68M JPY2.52M JPY2.54M JPY
Depreciation and amortization249K JPY205.85M JPY334.23M JPY242.33M JPY95.07M JPY
Operating income−489.67M JPY−1.13B JPY−1.27B JPY199.64M JPY−134.7M JPY
Net income−1.37B JPY−1.96B JPY−2.74B JPY619.02M JPY−362.7M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-7.78

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates27.24-5.66-38.55-71.45Q3 '24Q4 '24Q2 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 17, 2024: actual -8.6, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 16, 2024: actual -64.64, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual -1.42, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 20.43, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual -2.65, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual -17.56, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual -5.39, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual -7.78, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates493.16M330.19M167.22M4.25MQ3 '24Q4 '24Q2 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 17, 2024: actual 457M JPY, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 16, 2024: actual 444.7M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 445M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 14M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 5M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 6.8M JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 26M JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual 21M JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥7.00

2020 complete year+40.0% since 2016

Corporate action history

Dividend

Ex-dividend Oct 29, 2020

¥7.00

Annual

Dividend

Ex-dividend Oct 30, 2019

¥3.50

Annual

Dividend

Ex-dividend Dec 26, 2018

¥3.50

Annual

Dividend

Ex-dividend Dec 27, 2017

¥2.50

Annual

Dividend

Ex-dividend Dec 28, 2016

¥2.50

Special

Dividend

Ex-dividend Mar 29, 2016

¥2.50

Annual

2345.T peers

Kioxia Holdings Corp. logo

285A.T

Kioxia Holdings Corp.

¥50,930

-6.24%

Tokyo Electron Limited logo

8035.T

Tokyo Electron Limited

¥55,150

+1.58%

Advantest Corporation logo

6857.T

Advantest Corporation

¥34,500

-3.90%

Sony Group Corporation logo

6758.T

Sony Group Corporation

¥3,850

+1.72%

Keyence Corporation logo

6861.T

Keyence Corporation

¥80,900

+1.25%

Murata Manufacturing Co., Ltd. logo

6981.T

Murata Manufacturing Co., Ltd.

¥7,067

-0.34%

Continue in GoAI

Research 2345.T

research.disclaimer