Interspace Co., Ltd. (2122) AI Stock Analysis

• Market Cap: ¥8.44B
• Dividend Yield: 2.61%
• Average Volume (3M): 29.95K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.18
• Revenue Growth: 11.84%
• EPS Growth: 246.10%
• Country: JP
• Employees: 414
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 23.25
• Shares Outstanding: 6,967,200
• 10 Day Avg. Volume: 7,440
• 30 Day Avg. Volume: 29,946
• PEG Ratio: 0.15
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.88
• P/FCF Ratio: 72.55
• 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: 66 Neutral
• Price Target: ¥1,284.00 ▲(11.75% Upside)
• Action: Reiterated Date: 03/31/26
• Date: Action: Reiterated 03/31/26

The score is primarily supported by a very low-risk balance sheet (near-zero debt) and reasonable valuation (P/E ~12.9 with a ~2.33% dividend yield). Offsetting this, profitability and cash generation have been volatile—especially the sharp cash flow drop in 2025—and technical signals are neutral-to-weak with the price below key short/medium-term moving averages.

Positive Factors

Balance sheet strength

Near-zero debt materially lowers financial risk and preserves strategic optionality. With stable assets and equity, the company can fund initiatives, return capital, or withstand advertising-market downturns without relying on external leverage, a durable advantage for 2–6 months+ planning.

Negative Factors

Volatile cash generation

Irregular operating and free cash flow, including a sharp drop in 2025, weakens earnings quality and constrains reinvestment or distributions. Persistent volatility increases forecasting difficulty, raises the chance of funding frictions for growth or M&A, and undermines longer-term financial planning.

Interspace Co., Ltd. Business Overview & Revenue Model

Company Description

Interspace Co.,Ltd. engages in the provision of internet advertising and media services in Japan, Indonesia, Thailand, Vietnam, Singapore, and Malaysia. The company offers ACCESSTRADE, an affiliate platform; and Store Front Affiliate, a real store...

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Interspace Co.,Ltd. engages in the provision of internet advertising and media services in Japan, Indonesia, Thailand, Vietnam, Singapore, and Malaysia. The company offers ACCESSTRADE, an affiliate platform; and Store Front Affiliate, a real store...

How the Company Makes Money

Interspace’s primary monetization is performance-based digital advertising (affiliate marketing). It earns revenue by connecting advertisers (who want customer acquisition such as e-commerce purchases, service sign-ups, or app installs) with media...

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Interspace’s primary monetization is performance-based digital advertising (affiliate marketing). It earns revenue by connecting advertisers (who want customer acquisition such as e-commerce purchases, service sign-ups, or app installs) with media...

Interspace Co., Ltd. Financial Statement Overview

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	8.85B	7.91B	7.28B	7.12B	23.14B
Gross Profit	7.31B	6.36B	5.94B	5.95B	5.08B
EBITDA	618.77M	834.48M	1.02B	1.29B	713.89M
Net Income	206.00M	59.52M	585.98M	563.46M	427.88M
Balance Sheet
Total Assets	11.18B	11.23B	11.09B	11.08B	10.31B
Cash, Cash Equivalents and Short-Term Investments	5.59B	5.95B	5.63B	5.76B	5.46B
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.55B	5.59B	5.31B	5.72B	4.85B
Stockholders Equity	5.64B	5.64B	5.78B	5.36B	5.45B
Cash Flow
Free Cash Flow	106.84M	528.69M	411.14M	1.16B	1.34B
Operating Cash Flow	169.63M	836.88M	512.55M	1.18B	1.37B
Investing Cash Flow	-333.69M	-332.73M	-482.46M	-263.64M	-129.90M
Financing Cash Flow	-187.93M	-156.58M	-156.80M	-657.85M	-135.59M

Interspace Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1149.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2122, the sentiment is Positive. The current price of 1149 is below the 20-day moving average (MA) of 1268.50, below the 50-day MA of 1273.68, and above the 200-day MA of 1133.85, indicating a neutral trend. The MACD of -14.91 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 74.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2122.

Interspace Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6535	75 Outperform	¥30.52B	3.66	―	5.35%	58.08%	29.89%
6045	68 Neutral	¥13.18B	22.31	―	2.19%	14.43%	10.99%
2122	66 Neutral	¥8.44B	12.89	―	2.61%	11.84%	246.10%
7095	66 Neutral	¥19.87B	8.10	―	2.01%	15.43%	12.47%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
2491	57 Neutral	¥15.09B	29.59	―	7.85%	-3.20%	34.08%
6094	50 Neutral	¥12.34B	2.40	―	―	-2.68%	91.68%

Interspace Co., Ltd. Corporate Events