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

• Market Cap: ¥3.58B
• Dividend Yield: N/A
• Average Volume (3M): 336.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• 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: 14,324,600
• 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: -5.65
• 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: ¥251.00 ▲(39.44% 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 relatively low debt-to-equity ratio provides durable financial flexibility, lowering default risk and preserving borrowing capacity. That buffer matters long-term as the company can access credit or endure revenue troughs without immediate solvency pressure despite current losses.

Stable Asset Base

A stable equity ratio and tangible asset base offer downside protection and collateral value. Over 2–6 months this supports refinancing options, potential asset-backed restructuring, and provides a foundation for rebuilding operations if revenue trends reverse.

Lean Operating Footprint

A small employee base implies lower fixed overhead and organizational agility. Structurally, lean operations make it easier to reduce cash burn, reallocate resources, and scale back variable costs, improving probability of margin recovery if sales stabilize.

Negative Factors

Severe Revenue Contraction

A near-50% revenue decline represents a structural erosion of market traction and scale. Persistently shrinking top-line reduces operating leverage, weakens supplier/customer relationships, and constrains reinvestment capacity, making recovery and growth materially harder.

Persistent Negative Profitability

Ongoing negative EBIT and net margins indicate entrenched operational inefficiencies or pricing/volume shortfalls. Over months, losses deplete equity, limit reinvestment, and hinder ability to fund strategic initiatives without external capital or structural cost reduction.

Negative Operating & Free Cash Flow

Sustained negative operating and free cash flow undermines liquidity and forces reliance on financing or asset sales. Even with low leverage, persistent cash burn threatens operational continuity and restricts capital expenditure, making long-term recovery dependent on cash infusions.

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

ImageONE Co., Ltd. generates revenue primarily through the sale of its imaging systems and software solutions to healthcare providers, which include hospitals and diagnostic centers. The company offers both hardware and software products, creating a comprehensive solution for its clients. Revenue is also derived from IT infrastructure services, which involve the design, implementation, and maintenance of technology systems for various industries. Furthermore, ImageONE earns from environmental solutions by providing systems and services that help organizations manage environmental impact and improve sustainability. Significant partnerships with technology providers and healthcare institutions often bolster its service offerings and market reach, contributing to its earnings.

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	1.59B	866.60M	1.56B	2.98B	3.30B	2.44B
Gross Profit	19.47M	250.24M	-115.90M	339.97M	553.00M	397.94M
EBITDA	-998.46M	-549.54M	-876.10M	-599.21M	-389.83M	-450.74M
Net Income	-1.08B	-559.33M	-889.63M	-647.89M	-508.37M	-503.63M
Balance Sheet
Total Assets	2.06B	1.39B	1.57B	2.84B	3.23B	2.95B
Cash, Cash Equivalents and Short-Term Investments	571.25M	562.69M	553.82M	873.06M	630.40M	1.64B
Total Debt	18.76M	6.16M	16.24M	29.32M	96.53M	123.91M
Total Liabilities	862.94M	674.84M	833.70M	1.02B	759.50M	304.95M
Stockholders Equity	1.20B	717.70M	735.54M	1.82B	2.47B	2.64B
Cash Flow
Free Cash Flow	0.00	-449.28M	-230.67M	-3.83M	-1.12B	-557.52M
Operating Cash Flow	0.00	-447.48M	-207.22M	39.11M	-318.28M	-521.09M
Investing Cash Flow	0.00	-61.03M	-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: Positive
• Last Price: 180.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2667, the sentiment is Positive. The current price of 180 is below the 20-day moving average (MA) of 287.85, below the 50-day MA of 256.68, and below the 200-day MA of 234.48, indicating a neutral trend. The MACD of -2.95 indicates Positive momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 18.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	¥114.98B	17.28	―	1.68%	2.72%	33.10%
6861	80 Outperform	¥15.54T	38.32	12.80%	0.78%	7.09%	7.51%
6965	74 Outperform	¥637.71B	47.17	4.19%	2.25%	3.97%	-41.76%
7717	66 Neutral	¥45.16B	21.48	2.31%	2.67%	-7.95%	-34.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2667	51 Neutral	¥3.58B	-4.67	―	―	-46.99%	8.34%
6664	48 Neutral	¥5.05B	-9.21	―	―	5.29%	47.66%