HODL 1,inc.

HODL 1,inc.

TTSE:2345
77.00
JPY
-1.00
(-1.28%)
4.94BMarket Cap
Dec 21Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
334.68
399.75
203.23
188.62
241.16
276.9
- -
467.68
222.35
126.8
65.42
94.35
1.5
- -
Basic EPS, GAAP
-190.25
13.59
-21.15
33.86
13.59
-17.37
- -
38.97
-49.72
48.54
-186.36
-114.63
-77.12
- -
Free Cash Flow per Basic Share
13.07
35.74
-3.79
-11.63
26.81
88.22
- -
27.51
-6.73
-78.39
-18.19
-40.94
-36.48
- -
Dividend per Share
- -
- -
3.37
2.6
2.13
2.5
- -
3.49
3.77
- -
- -
- -
- -
- -
Book Value per Share
294.28
307.55
248.41
277.14
367
347.1
339.51
389.26
385.35
397.35
199.27
80.81
23.03
13.13
Tangible Book Value per Share
288.4
302.96
245.77
275.54
362.76
340.3
253.11
299.04
349.38
252.53
141.22
80.44
23.03
13.13
Basic Weighted Avg Shares
3
3
3
3
3
4
4
4
7
13
15
17
18
18
Sales/Revenue/Turnover
892
1,066
542
502
756
1,101
- -
1,860
1,622
1,617
963
1,613
27
- -
Operating Margin (%)
6.41
13.03
2.92
7.39
6.24
11
- -
1.88
-8.3
12.35
-131.44
-70.27
-1,844.3
- -
Depreciation Expense
55
18
13
8
18
29
- -
91
95
242
334
206
- -
- -
Net Income, GAAP
-507
36
-56
90
43
-69
- -
155
-363
619
-2,743
-1,960
-1,367
- -
Effective Tax Rate (%)
- -
17.07
- -
14.08
- -
- -
- -
0.95
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-56.85
3.4
-10.41
17.95
5.64
-6.27
- -
8.33
-22.36
38.28
-284.89
-121.5
-5,147
- -
Working Capital
702
743
564
380
1,162
1,097
1,030
519
1,679
2,526
2,211
2,023
135
98
LT Debt
2
1
- -
- -
- -
- -
151
339
275
221
855
1,303
- -
- -
Total Equity
785
821
663
737
1,459
1,380
1,350
1,548
3,066
5,848
2,933
1,432
428
244
Return on Invested Capital (%)
- -
4.6
- -
-3.17
- -
- -
- -
1.95
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
4.51
- -
12.87
- -
- -
- -
8.93
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-48.86
4.52
-7.61
12.87
3.88
-4.87
- -
10.69
-15.72
13.89
-62.47
-89.82
-146.96
- -

Capital Structure

JPY

•

in mil. unless spec.
Jan'24
Apr'24
Apr'26
ST Debt
81
76
- -
LT Borrowings
1,321
1,312
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
18
19
Market Capitalization
3,937
4,305
4,942

Working Capital

JPY

•

in mil. unless spec.
Jan'24
Apr'24
Apr'26
Total Current Assets
74,563
114,307
182
Cash, Cash Equivalents & STI
1,748
2,107
156
Accounts Receivable, Net
72
70
4
Inventories
- -
- -
- -
Total Current Liabilities
71,369
111,777
84
Payables & Accruals
- -
- -
- -
ST Debt
81
76
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.39%
3.54%
-70.12%
Free Cash Flow
- -
374.6%
-7.67%
Net Income, GAAP
- -
-241.34%
-30.29%
Sales/Revenue/Turnover
- -
-16.86%
-98.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41
670
- -
- -
1,613
2025
- -
- -
- -
- -
27
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-41.88
-63.6
- -
- -
-114.63
2025
- -
- -
- -
- -
-77.12
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hiroki Tahara
Full Time Employees
7
Sector
Technology services
Industry
Packaged software
Address
Miyakoya Building Tokyo TY Japan 107-0062
IPO Date
Dec 13, 2002
Website
hodl1.jp
Business
Kushim, Inc. (TSE:2345) provides blockchain services, system engineering, and incubation solutions primarily in Japan. The company develops systems applying advanced IT technologies including blockchain; conducts research for social implementation of blockchain and related technologies; offers blockchain technology research services; and develops and sells educational content on blockchain technology. In its software segment, Kushim provides the iStudy LMS learning management system for corporate human resource development, video distribution services, and e-learning content; the training service segment delivers training courses, e-learning materials, video recording and distribution, and paid employment placement via iStudy ACADEMY; while the system engineering segment supplies training for advanced IT engineers, engineer dispatch, introduction services, and freelance matching. Founded in 1997 and headquartered in Tokyo, the company formerly operated as iStudy Co., Ltd. prior to its name change in May 2020 and maintains operations focused on the Japanese market with approximately 80 employees. Recent developments include the full acquisition of Turingum Co., Ltd. as a wholly owned subsidiary in March 2022 through the purchase of an additional 81.4% stake; an agreement to acquire an 84.39% stake in CAICA Exchange Holdings Inc.; and initiatives such as the Zaif exchange's launch of a Bitcoin staking service project with Bflux and Babylon in December 2024, alongside ongoing system engineering service updates including Kushim Soft's award at an Asteria developer event in January 2025.