Integroup, Inc. (192A) AI Stock Analysis

• Market Cap: ¥4.15B
• Dividend Yield: 2.21%
• Average Volume (3M): 7.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 39
• Sector: Services
• Sector Strength: N/A
• Industry: Investment - Banking & Investment Services
• EPS (TTM): N/A
• Shares Outstanding: 2,140,000
• 10 Day Avg. Volume: 5,820
• 30 Day Avg. Volume: 7,526
• PEG Ratio: -0.30
• Price to Book (P/B): 2.73
• Price to Sales (P/S): 2.74
• P/FCF Ratio: -23.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ¥2,047.00 ▲(3.02% Upside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is held up by a conservative, low-leverage balance sheet, but is pressured by the sharp deterioration in cash flow and cooling profitability trends. Technicals are also weak with the stock trading below major moving averages, while valuation support is limited by a negative P/E despite a modest dividend yield.

Positive Factors

Balance Sheet Strength

A debt-free balance sheet enhances financial flexibility and reduces risk, providing a stable foundation for long-term operations.

Equity Growth

Material equity growth indicates strong capital management and potential for reinvestment in growth opportunities.

Profitability

Solid profitability with healthy margins suggests effective cost management and competitive pricing power.

Negative Factors

Cash Flow Volatility

Negative cash flow indicates potential liquidity issues and challenges in sustaining operations without external funding.

Revenue Decline

Declining revenue and margin compression suggest weakening demand or competitive pressures, impacting growth prospects.

Profitability Volatility

Volatile profitability can undermine investor confidence and complicate strategic planning, affecting long-term stability.

Integroup, Inc. Business Overview & Revenue Model

Company Description

Integroup Inc is a Japan-based company that provides mergers and acquisitions (M&A) brokerage services mainly to small and medium-sized companies. The Company operates in the M&A Brokerage business segment. The M&A Brokerage service provides one-stop support to business owners who wish to sell their companies, from initial consultation, assessment of the expected sale price, proposal of potential buyers and transfer schemes, preparation of necessary materials, selection of potential buyers, proposal to potential buyers, meeting with potential buyers, negotiation of terms and conditions, arrangement of basic agreement and final contract. The service is remunerated only when an M&A transaction is concluded

How the Company Makes Money

Integroup, Inc. Financial Statement Overview

Summary

Strong balance sheet strength (no debt; solid equity base) supports stability, but the latest year shows weaker operating trends: revenue declined, margins compressed, and operating/free cash flow turned negative—raising near-term execution and cash-conversion risk despite remaining profitable.

Income Statement

Profitability remains solid with healthy gross and operating margins in 2025, but performance cooled meaningfully from 2024: revenue declined and net margin compressed. Longer-term, the company has shown a sharp ramp-up from 2022 to 2024 (including a return to strong profitability), yet the latest year suggests more volatility than a steady upward trajectory.

Balance Sheet

The balance sheet is conservatively positioned with no debt reported across the periods provided, supporting financial flexibility. Equity has grown materially versus earlier years, and returns on equity have been strong despite moderating in 2025 from an exceptionally high 2024 level. Overall leverage risk looks low, with the main watch item being the variability in profitability that can impact equity returns over time.

Cash Flow

Cash generation deteriorated sharply in 2025, with operating cash flow and free cash flow turning negative after strong positive cash generation in 2023–2024. This swing indicates higher cash flow volatility and raises questions around working capital timing or cash conversion in the latest year. While prior years showed strong cash support relative to earnings, the current-year reversal is a notable near-term weakness.

Breakdown	May 2025	May 2024	May 2023	May 2022
Income Statement
Total Revenue	1.89B	2.20B	1.27B	649.04M
Gross Profit	1.03B	1.44B	629.12M	348.30M
EBITDA	506.46M	991.48M	240.25M	15.07M
Net Income	311.12M	672.35M	170.69M	-251.00K
Balance Sheet
Total Assets	2.13B	2.12B	1.10B	571.20M
Cash, Cash Equivalents and Short-Term Investments	1.91B	1.92B	1.04B	469.06M
Total Debt	0.00	0.00	0.00	0.00
Total Liabilities	223.92M	758.68M	406.35M	51.88M
Stockholders Equity	1.90B	1.36B	690.01M	519.32M
Cash Flow
Free Cash Flow	-224.30M	955.55M	569.85M	-238.62M
Operating Cash Flow	-224.30M	986.37M	573.96M	-238.12M
Investing Cash Flow	-6.80M	-109.51M	-4.11M	-500.00K
Financing Cash Flow	228.04M	0.00	0.00	0.00

Integroup, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1987.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:192A, the sentiment is Negative. The current price of 1987 is above the 20-day moving average (MA) of 1955.35, above the 50-day MA of 1986.42, and below the 200-day MA of 2187.37, indicating a bearish trend. The MACD of -13.30 indicates Positive momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 68.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:192A.

Integroup, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5870	81 Outperform	¥5.26B	10.37	―	1.32%	18.31%	102.31%
5596	76 Outperform	¥5.67B	15.30	―	0.95%	0.86%	2.72%
192A	56 Neutral	¥4.15B	-217.09	―	2.21%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
5271	54 Neutral	¥3.35B	31.13	―	3.85%	0.29%	-45.50%
5619	44 Neutral	¥3.14B	-136.20	―	―	―	―