ImageONE Co., Ltd. (2667) AI Stock Analysis

• Market Cap: ¥3.13B
• Dividend Yield: N/A
• Average Volume (3M): 336.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: -46.99%
• EPS Growth: 8.34%
• Country: JP
• Employees: 51
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -10.44
• Shares Outstanding: 15,191,900
• 10 Day Avg. Volume: 113,010
• 30 Day Avg. Volume: 336,720
• PEG Ratio: 0.12
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 2.93
• P/FCF Ratio: -6.03
• 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: 51 Neutral
• Price Target: ¥225.00 ▲(25.00% Upside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is held back mainly by weak financial performance—sharp revenue contraction, ongoing losses, and negative operating/free cash flows—despite a conservative leverage profile. Technical momentum is currently strong and lifts the score, but valuation support is limited due to negative earnings and no dividend yield data.

Positive Factors

Conservative leverage

A low debt-to-equity profile reduces financial fragility and preserves flexibility over the medium term. With limited leverage the company has more capacity to access financing or absorb revenue shocks, supporting survival and option value while it works to restore operations.

Stable equity / asset base

A stable equity ratio and intact asset base provide structural support for creditors and investors and create collateral for potential refinancing or strategic restructuring. This steadiness limits liquidation risk and preserves recovery options during turnaround efforts.

Hardware industry exposure

Exposure to hardware and equipment markets means the business sits in sectors driven by multi-year replacement cycles and industrial capex. Those structural demand drivers can underpin medium-term revenue recovery if product-market fit or serviceable aftermarket niches are restored.

Negative Factors

Severe revenue decline

A near 50% revenue contraction signals durable loss of market share or demand and undermines fixed-cost absorption. Restoring scale will take multiple quarters and requires product, commercial or market fixes; until then margin recovery and investment capacity remain impaired.

Negative operating and free cash flow

Persistent negative operating and free cash flows indicate the business is burning cash and cannot self-fund operations or capex. This creates reliance on external financing, constrains strategic investment, and elevates liquidity and solvency risk over the medium term.

Ongoing unprofitability and weak returns

Sustained negative margins and poor returns on equity show structural profitability issues and operational inefficiencies. Without meaningful margin improvement or revenue stabilization, shareholder value creation is unlikely and reinvestment capacity will remain limited.

ImageONE Co., Ltd. Business Overview & Revenue Model

Company Description

ImageONE Co., Ltd. provides healthcare and global environment business solutions in Japan. The company offers medical systems, such as medical software, EHR/EMR, and PACS; medical supplies, medical gloves, and test kits (PCR/antigen); CT/MRI/X-ray and mobile medical truck; and clinical management support services. It also provides solar panels and wind turbines; distributes and reuses EV batteries; and offers GEO mapping, GIS solution, and UAV capability services. In addition, the company offers tritium separation technology; tritium continuous measurement; radiation tolerant camera; water plasma treatment for organic substances. The company was incorporated in 1984 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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ImageONE Co., Ltd. Financial Statement Overview

Summary

Financials indicate significant distress: revenue declined 45.38% in the most recent year, profitability remains negative (EBIT and net margins), and operating/free cash flows are negative. The only notable offset is relatively low leverage on the balance sheet, but weak returns and persistent losses dominate.

Income Statement

ImageONE Co., Ltd. has faced significant challenges with declining revenues and negative profit margins over the past years. The revenue has decreased by 45.38% in the most recent year, indicating a severe contraction in business. The company has consistently reported negative EBIT and net income margins, highlighting ongoing operational inefficiencies and profitability issues.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio, which indicates conservative leverage. However, the company has been unable to generate positive returns, as evidenced by negative return on equity figures. The equity ratio remains stable, suggesting a solid asset base, but the lack of profitability is a concern.

Cash Flow

Cash flow analysis reveals a troubling picture with negative operating and free cash flows. The company has been unable to generate sufficient cash from operations, and free cash flow has deteriorated significantly. The negative free cash flow growth rate and low operating cash flow to net income ratio further emphasize cash management challenges.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.65B	866.60M	1.56B	2.98B	3.30B	2.44B
Gross Profit	19.47M	250.24M	-115.90M	342.91M	553.45M	381.61M
EBITDA	-740.55M	-407.39M	-848.44M	-655.05M	-216.18M	-354.29M
Net Income	-894.96M	-559.33M	-889.63M	-643.49M	-493.51M	-512.63M
Balance Sheet
Total Assets	2.07B	1.39B	1.57B	2.67B	3.06B	2.77B
Cash, Cash Equivalents and Short-Term Investments	571.25M	562.69M	553.82M	875.88M	630.40M	1.64B
Total Debt	18.76M	6.16M	16.24M	29.31M	96.53M	135.40M
Total Liabilities	862.94M	674.84M	833.70M	1.02B	759.50M	304.95M
Stockholders Equity	1.20B	717.70M	735.54M	1.65B	2.30B	2.46B
Cash Flow
Free Cash Flow	0.00	-421.24M	-212.91M	30.87M	-1.11B	-535.47M
Operating Cash Flow	0.00	-419.44M	-207.22M	39.11M	-318.28M	-521.09M
Investing Cash Flow	0.00	-89.06M	-25.16M	247.38M	-984.28M	-19.45M
Financing Cash Flow	0.00	517.37M	-36.85M	-91.02M	297.71M	1.23B

ImageONE Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 180.00
• 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:2667, the sentiment is Negative. The current price of 180 is below the 20-day moving average (MA) of 243.35, below the 50-day MA of 270.64, and below the 200-day MA of 234.88, indicating a bearish trend. The MACD of -10.94 indicates Positive momentum. The RSI at 40.20 is Neutral, neither overbought nor oversold. The STOCH value of 46.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2667.

ImageONE Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6914	80 Outperform	¥94.15B	13.80	―	1.68%	2.72%	33.10%
6861	80 Outperform	¥13.65T	30.90	12.80%	0.78%	7.09%	7.51%
7717	76 Outperform	¥42.21B	4.58	6.12%	2.67%	-7.95%	-34.83%
6965	74 Outperform	¥549.48B	44.29	4.03%	2.25%	3.97%	-41.76%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2667	51 Neutral	¥3.13B	-4.31	―	―	-46.99%	8.34%
6664	48 Neutral	¥4.25B	-9.65	―	―	5.29%	47.66%