Overview
Information & Communication

Kudan Inc.

Kudan develops proprietary Spatial Perception (Artificial Perception / AP) technology centered on SLAM (Simultaneous Localization and Mapping) algorithms, enabling machines to perceive, navigate, and map real-world environments in real time. The company offers software licenses (KudanSLAM / GrandSLAM), hardware-software integrated packages, and end-to-end solutions targeting autonomous mobile robots, autonomous driving/ADAS, drones, 3D digital twins, XR broadcasting, and smart city applications. Its core competitive strengths lie in proprietary deep algorithms, multi-sensor fusion flexibility (camera, LiDAR, IMU, GNSS, radar, ToF), and hardware-agnostic processing that unlocks the full potential of diverse sensor and processor environments.

Market Cap
¥13.4B
US$85.3M
EV
¥11.0B
US$70.4M
Stock¥1,181▼-1.99%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
—
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
5.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-3.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
13.4BUS$85.3MMarket Cap0.20BUS$1.28M+ Debt2.03BUS$13.0M− Cash0.50BUS$3.19M− Inv. Sec.11.0BUS$70.4MEV
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Performance & Balance
Revenue 5Y (¥B)
0.27US$1.73M'22/30.33US$2.12M'23/30.49US$3.12M'24/30.52US$3.30M'25/31.20US$7.63M'26/3
Net Income 5Y (¥B)
-2.24-US$14.3M'22/3-0.41-US$2.63M'23/3-0.07-US$0.44M'24/3-0.80-US$5.11M'25/3-0.19-US$1.20M'26/3
Capital Structure
93%
EquityD/E 0.08xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.60US$3.85M'22/30.85US$5.43M0.20US$1.28M'23/32.12US$13.5M0.20US$1.28M'24/33.09US$19.7M0.20US$1.28M'25/32.49US$15.9M0.20US$1.28M'26/3
Shareholders
Top 10 hold 47.5%
1
Tomohiro OHNO
29.33%
2
UNION BANCAIRE PRIVEE (Standing Proxy: MUFG Bank, Ltd.)
6.97%
3
Herushia Co., Ltd.
2.27%
4
BOFAS INC SEGREGATION ACCOUNT (Standing Proxy: BofA Securities Japan Co., Ltd.)
1.80%
5
Ueda Yagi Tanshi Co., Ltd.
1.68%
6
BCSL CLIENT RE BBPLC NYBR (Standing Proxy: Barclays Securities Japan Limited)
1.46%
7
Hideaki TAKAHASHI
1.39%
8
Agri Co., Ltd.
1.25%
9
BANK JULIUS BAER AND CO. LTD. SINGAPORE CLIENTS (Standing Proxy: MUFG Bank, Ltd.)
0.72%
10
Morgan Stanley MUFG Securities Co., Ltd.
0.59%
Management
7 officers
Tomohiro OHNO
Representative Director
Jun 1993 Joined Andersen Consulting Tokyo Office (now Accenture K.K.) May 2000 Transferred to Andersen Consulting UK (now Accenture UK) Mar 2002 Joined SN Systems Limited (UK) Apr 2005 Appointed Representative Director, SN Systems K.K. May 2006 Established Zen United Limited (UK), Director Jan 2011 Established KAYAC EUROPE LIMITED (now Kudan Limited), Representative Director (current) Nov 2014 Established the Company, Director Dec 2014 Representative Director of the Company (current) Sep 2025 Outside Director, Kitchhike Inc. (current)
1969-11-22
Dayu KOU
Representative Director, CEO
Apr 2009 Joined Toyota Motor Corporation Sep 2014 Joined McKinsey & Company, Tokyo Office Nov 2016 Joined the Company Jul 2017 Appointed Director, COO of the Company Jul 2020 Appointed Director, CEO of Arteisense Corporation (current) Nov 2020 Appointed Representative Director, CEO of the Company (current) Aug 2023 Appointed Managing Director of Kudan Limited (current)
1984-08-30
Tian HAO
Director, COO
Apr 2010 Joined Nihon Ericsson K.K. (now Ericsson Japan K.K.) Aug 2021 Joined the Company Jun 2022 Appointed Executive Officer, CRO of the Company Jun 2023 Appointed Director, COO of the Company (current)
1984-08-10
Reiko ASANO
Director
Apr 2005 Joined NTT DOCOMO, INC. Nov 2024 Joined the Company Apr 2025 Head of Japan Business of the Company Jun 2026 Appointed Director of the Company (current)
1982-11-25
Shinichi MISAWA
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Seibu Construction Co., Ltd. Apr 1989 Joined Daiwa Securities Co., Ltd. (now Daiwa Securities Group Inc.) Jul 1997 Established D-Brain Securities Co., Ltd., Representative Director, President Jul 1999 Joined trans cosmos inc. as Deputy Head of Business Planning & Development Division Jun 2000 Director, trans cosmos inc. Apr 2001 Managing Director, Head of Business Promotion Division, trans cosmos inc. Oct 2002 Senior Managing Director, trans cosmos inc. Apr 2004 Senior Managing Director and CFO (Chief Financial Officer), trans cosmos inc. May 2006 Representative Director, Co-Creation Partners Co., Ltd. (current) Sep 2008 Outside Director, Macromill, Inc. Jul 2009 Outside Director, Frontier International Co., Ltd. (current) Jul 2011 Outside Director, Zappallas, Inc. Jun 2013 Outside Audit & Supervisory Board Member, Minato Electronics Inc. (now Minato Holdings Inc.) Mar 2014 Outside Audit & Supervisory Board Member, JIG-SAW Inc. Jun 2015 Outside Director, the Company Mar 2016 Outside Director, Audit and Supervisory Committee Member, JIG-SAW Inc. (current) Dec 2019 Outside Audit & Supervisory Board Member, OneCareer Inc. Jun 2020 Outside Director, Audit and Supervisory Committee Member, the Company (current) Mar 2022 Outside Director, Audit and Supervisory Committee Member, OneCareer Inc. (current)
1960-06-22
Hisanori OGURI
Director (Audit and Supervisory Committee Member)
Apr 1992 Joined Toshiba Corporation Oct 2001 Joined Takeda Minoru Law Office Jan 2010 Joined Jones Day (foreign law joint enterprise) Apr 2012 Joined Uchida & Samejima Law Office (now Uchida & Samejima Law Office) Jan 2014 Partner, Uchida & Samejima Law Office (current) Apr 2017 Audit & Supervisory Board Member, the Company Apr 2018 Audit & Supervisory Board Member, Hau Television Co., Ltd. (current) Jun 2020 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1969-09-08
Takashi MIITA
Director (Audit and Supervisory Committee Member)
Sep 2008 Joined Deloitte Touche Tohmatsu LLC Sep 2013 Representative, Miita Certified Public Accountant Office (current) Jul 2014 Representative Director, WORLD TROTTER Co., Ltd. (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1985-09-16
Large Shareholding Reports
Yukiko EMI
2026-09-08
9.51%→6.91%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Yukiko Emi
2026-08-07
6.91%→5.79%
Yukiko EMI
2026-07-21
9.51%→6.91%
Tomohiro ONO
2026-03-06
29.37%→29.33%
Annual report (as of 2026-03-31): 29.33%
Tomohiro ONO
2025-11-28
29.37%→29.37%
Annual report (as of 2026-03-31): 29.33%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-09-08
Change Report
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-07
Large Shareholding Report
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-28
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-03
Securities Registration Statement
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Apr 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINETAmended
2021-08-13
Amended Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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