Infomart Corporation (2492) AI Stock Analysis

• Market Cap: ¥103.32B
• Dividend Yield: 0.72%
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): 63.0
• Beta (1Y): 0.88
• Revenue Growth: 22.13%
• EPS Growth: 254.87%
• Country: JP
• Employees: 716
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 2.88
• Shares Outstanding: 259,431,200
• 10 Day Avg. Volume: 1,216,860
• 30 Day Avg. Volume: 1,219,746
• PEG Ratio: 0.88
• Price to Book (P/B): 6.39
• Price to Sales (P/S): 4.46
• P/FCF Ratio: 483.48
• 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: 69 Neutral
• Price Target: ¥495.00 ▲(16.75% Upside)

Infomart Corporation's strong financial performance is the most significant factor, supported by robust growth and profitability. However, technical indicators suggest caution due to overbought conditions, and the high P/E ratio indicates potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Strong free cash flow generation

Sustained FCF growth and near-1 FCF-to-net-income conversion indicate durable cash generation. This supports reinvestment, potential shareholder returns, and buffers against cyclical slowdowns, providing long-term financial flexibility for strategic initiatives.

High gross margins

Very high gross margins reflect scalable, software-driven economics and strong pricing power in B2B document processing. Improved net and EBITDA margins show the company can convert revenue to profit more efficiently, supporting durable profitability as it grows.

Conservative leverage and improving ROE

Low leverage and a healthy equity ratio reduce refinancing and solvency risk, enabling investment or M&A optionality. Rising ROE signals improving capital efficiency, a sustainable structural benefit for shareholder value creation over the medium term.

Negative Factors

Limited investor communications

Absence of earnings calls and corporate-event disclosures reduces transparency on strategy, margin drivers, and execution risks. This makes it harder for investors to assess medium-term plans and monitor management accountability, a persistent governance concern.

Rising total debt warrants monitoring

Although leverage is low today, a rising debt trend can erode financial flexibility if growth slows. Higher interest costs or covenants would constrain capital allocation for R&D, M&A, or shareholder returns, posing a structural risk to long-term strategy execution.

Modest net margin vs. high gross margin

The gap between very high gross margin and modest net margin suggests significant operating or SG&A costs. If these structural expenses persist, they may limit incremental operating leverage and cap long-term net income conversion as revenue scales.

Infomart Corporation Business Overview & Revenue Model

Company Description

Infomart Corporation operates an online business to business (BtoB) EC trading platform for the food industry in Japan. It offers BtoB platform matching, BtoB platform ordering, BtoB platform standards database, BtoB platform invoicing, BtoB platform quoting, BtoB platform contract, and BtoB platform industry news and data portal. The company was founded in 1998 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Infomart Corporation generates revenue primarily through subscription-based models for its software and analytics services. The company offers tiered pricing plans that cater to different business needs, allowing customers to access its platforms on a monthly or annual basis. Additionally, Infomart earns income through consulting services, where it assists clients in implementing data solutions tailored to their specific operations. Key partnerships with cloud service providers and technology firms enhance its offerings and expand its market reach, contributing significantly to revenue growth. Furthermore, Infomart may also engage in licensing agreements for its proprietary technology, adding another layer to its revenue streams.

Infomart Corporation Financial Statement Overview

Summary

Infomart Corporation demonstrates solid financial performance with strong revenue growth, robust profit margins, and efficient cash generation. The balance sheet is stable with low leverage, though debt levels should be monitored.

Income Statement

Infomart Corporation shows strong revenue growth with a 4.43% increase in the TTM period. The gross profit margin is robust at 70.14%, and the net profit margin has improved to 7.30%. EBIT and EBITDA margins have also strengthened, indicating efficient operations and cost management. Overall, the income statement reflects a positive growth trajectory and profitability.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.20, indicating conservative leverage. Return on equity has improved to 11.48%, reflecting effective use of equity capital. The equity ratio is healthy, suggesting a strong capital structure. However, the increase in total debt warrants monitoring.

Cash Flow

Infomart Corporation's cash flow statement is strong, with a significant 30.67% growth in free cash flow. The operating cash flow to net income ratio is 0.67, showing good cash conversion. The free cash flow to net income ratio is nearly 1, indicating efficient cash generation relative to net income. Overall, cash flow metrics are positive, supporting the company's financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.19B	15.63B	13.36B	11.00B	9.84B	8.78B
Gross Profit	13.24B	9.65B	7.59B	6.26B	6.21B	6.08B
EBITDA	4.84B	2.43B	1.49B	1.39B	1.86B	2.41B
Net Income	1.62B	655.43M	298.43M	286.33M	538.50M	1.01B
Balance Sheet
Total Assets	16.86B	14.84B	13.54B	13.70B	13.74B	13.02B
Cash, Cash Equivalents and Short-Term Investments	4.75B	4.31B	4.94B	6.11B	6.91B	7.06B
Total Debt	2.27B	1.27B	770.00M	770.00M	770.00M	770.00M
Total Liabilities	5.10B	3.76B	2.91B	2.28B	2.32B	1.72B
Stockholders Equity	11.72B	10.92B	10.56B	11.34B	11.34B	11.29B
Cash Flow
Free Cash Flow	4.48B	144.15M	51.13M	-335.54M	422.18M	927.20M
Operating Cash Flow	4.51B	2.07B	1.83B	987.66M	1.68B	1.98B
Investing Cash Flow	-3.14B	-2.91B	-1.79B	-984.01M	-1.80B	-1.34B
Financing Cash Flow	283.93M	213.87M	-1.21B	-301.31M	-532.85M	-849.32M

Infomart Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 424.00
• 50DMA: Positive
• 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:2492, the sentiment is Positive. The current price of 424 is below the 20-day moving average (MA) of 438.90, above the 50-day MA of 408.30, and above the 200-day MA of 383.75, indicating a bullish trend. The MACD of 14.19 indicates Positive momentum. The RSI at 63.09 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2492.

Infomart Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4071	79 Outperform	¥93.80B	28.15	―	1.19%	22.78%	7.57%
4746	79 Outperform	¥76.89B	14.95	―	3.34%	2.61%	16.80%
9692	73 Outperform	¥71.70B	15.96	―	2.41%	13.05%	4.42%
2492	69 Neutral	¥103.32B	63.02	―	0.72%	22.13%	254.87%
2326	66 Neutral	¥78.73B	22.80	―	1.42%	-6.04%	-24.88%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3673	61 Neutral	¥58.08B	56.18	―	0.62%	18.86%	―

Infomart Corporation Corporate Events

Infomart Deepens Ties With invox in AI-Driven Billing Alliance, Boosts Stake to One-Third

Infomart Corporation has entered into a business alliance with invox Inc. and will increase its stake in the AI-driven invoice automation specialist to make it an equity-method affiliate, raising its voting interest from 14.30% to 33.41% through a ¥1.911 billion share purchase. By combining Infomart’s extensive B2B client base with invox’s AI-OCR and invoice processing technologies, the partners plan to launch a next-generation comprehensive billing service that integrates digital and analog invoice data, streamlines accounting processes such as journalizing and reconciliation, and strengthens Infomart’s earnings base and long-term value proposition as demand for end-to-end digitalization of business transactions accelerates.

The most recent analyst rating on (JP:2492) stock is a Buy with a Yen509.00 price target. To see the full list of analyst forecasts on Infomart Corporation stock, see the JP:2492 Stock Forecast page.

Infomart Corporation Announces Executive Director Change

Infomart Corporation, a company listed on the Tokyo Stock Exchange Prime Market, has announced a change in its executive structure. Effective January 1, 2026, Hajime Murakami will be appointed as Vice President and Director, as part of a broader restructuring of the executive team. This change is part of a strategic move to enhance leadership and align with previously announced plans for executive changes, potentially impacting the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (JP:2492) stock is a Hold with a Yen422.00 price target. To see the full list of analyst forecasts on Infomart Corporation stock, see the JP:2492 Stock Forecast page.

Infomart Corporation Revises 2025 Business Forecasts, Highlights Profit Growth

Infomart Corporation has revised its full-year business forecasts for 2025, anticipating higher operating and ordinary profits than initially projected, despite a decrease in expected net sales. The company attributes this to improved profit margins and cost management, although certain segments like the BtoB-PF FOOD and ES businesses are expected to fall short of sales targets. The revisions suggest a stronger profitability outlook, but stakeholders should note the potential for impairment losses affecting profits attributable to owners.

The most recent analyst rating on (JP:2492) stock is a Hold with a Yen383.00 price target. To see the full list of analyst forecasts on Infomart Corporation stock, see the JP:2492 Stock Forecast page.

Infomart Corporation Reports Strong Financial Growth in 2025

Infomart Corporation reported significant financial growth for the nine months ending September 30, 2025, with net sales increasing by 22.8% and operating profit surging by 258.6% compared to the previous year. This robust performance reflects the company’s strengthened market position and operational efficiency, indicating positive implications for stakeholders and a promising outlook for the remainder of the fiscal year.

The most recent analyst rating on (JP:2492) stock is a Hold with a Yen383.00 price target. To see the full list of analyst forecasts on Infomart Corporation stock, see the JP:2492 Stock Forecast page.