Tokyo Stock Exchange · Technology
Invest in Morpho stock from India
Indian and foreign residents can buy Morpho (3653) shares directly through Paasa.
By Paasa · Updated
Morpho at a glance
- Price
- ¥1,097.00-¥15.00 (1.35%)
- Market cap
- ¥5.66B
- Day range
- ¥1,081.00 – ¥1,273.00
- P/E
- -7.42
- Dividend yield
- None
- Volume
- 1.26M
- 1 month
- +23.68%
- 6 months
- +72.48%
- YTD
- +40.82%
- 1 year
- +4.58%
- 5 years
- -17.15%
Morpho statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | ¥3.4B | ¥3.3B | ¥2.4B | ¥2.0B | ¥1.7B |
| Gross profit | ¥1.8B | ¥1.9B | ¥1.4B | ¥952.1M | ¥866.5M |
| Operating income | ¥45.8M | ¥257.1M | −¥244.4M | −¥588.4M | −¥881.6M |
| Net income | −¥77.6M | ¥301.5M | −¥300.2M | −¥668.4M | −¥793.4M |
| Earnings per share | −¥14.80 | ¥58.76 | −¥58.53 | −¥130.04 | −¥146.96 |
| EBITDA | ¥159.1M | ¥326.9M | −¥226.6M | −¥473.4M | −¥734.1M |
| Total assets | ¥4.1B | ¥4.3B | ¥3.7B | ¥3.9B | ¥4.6B |
| Total debt | ¥10.5M | ¥23.3M | ¥36.3M | ¥12.8M | ¥21.9M |
| Cash and short-term investments | ¥2.5B | ¥2.9B | ¥2.7B | ¥3.1B | ¥3.4B |
| Shareholders' equity | ¥3.6B | ¥3.6B | ¥3.1B | ¥3.4B | ¥4.1B |
| Operating cash flow | ¥14.1M | ¥207.2M | −¥267.6M | −¥415.5M | −¥653.6M |
| Free cash flow | −¥37.0M | ¥65.7M | −¥365.2M | −¥477.8M | −¥694.8M |
| Capital expenditure | −¥51.1M | −¥141.5M | −¥97.6M | −¥62.3M | −¥41.2M |
Fiscal years as reported, the latest ending 31 Oct 2025. Figures in JPY; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Brains Technology | 4075.T | ¥1,496.00 | ¥8.74B |
| Nulab | 5033.T | ¥1,258.00 | ¥7.99B |
| System Integrator | 3826.T | ¥495.00 | ¥5.40B |
| Data Applications | 3848.T | ¥835.00 | ¥5.32B |
| Capital Asset Planning | 3965.T | ¥882.00 | ¥5.08B |
| Jedat | 3841.T | ¥1,305.00 | ¥5.02B |
| Lancers | 4484.T | ¥301.00 | ¥4.79B |
| CROOZ | 2138.T | ¥429.00 | ¥4.10B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Morpho from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 3653 and buy
Find Morpho by name or by its ticker, 3653, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in Morpho from India
What Morpho does
Morpho, Inc. engages in the research and development of artificial intelligence and image processing technologies in Japan, the United States, China, South Korea, Europe, and internationally. The company offers Morpho Automotive Suite, an AI Solution for Automotive Field; Morpho Deep Deblur, which uses AI to eliminate various types of blurring from images; MorphoVideo Summary, a video summarization technology that uses AI to extract scenes from video data; Morpho Image Refiner, a hybrid product that includes PhotoSolid and Morpho HDR functions in a single library; SOFTGYRO, an embedded soft… Morpho operates in the Software - Application industry within the Technology sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your Morpho shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy Morpho stock from India?
Yes. Indian residents and NRIs can buy Morpho (3653) shares directly through Paasa. Morpho is listed on the Tokyo Stock Exchange, in the Software - Application industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Morpho share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥1,097.00 a share, size the order by the lot, not by the share.
How are Morpho dividends taxed for Indian investors?
Morpho does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Morpho shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Morpho shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Morpho alone.