Intrance Co., Ltd. (3237) AI Stock Analysis

• Market Cap: ¥2.65B
• Dividend Yield: N/A
• Average Volume (3M): 396.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 4.15%
• EPS Growth: -14.18%
• Country: JP
• Employees: 46
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -2.04
• Shares Outstanding: 46,552,784
• 10 Day Avg. Volume: 197,600
• 30 Day Avg. Volume: 396,100
• PEG Ratio: -0.06
• Price to Book (P/B): 5.20
• Price to Sales (P/S): 4.64
• P/FCF Ratio: -9.77
• 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: 40 Neutral
• Price Target: ¥55.00 ▼(-15.38% Downside)
• Action: Reiterated Date: 11/18/25
• Date: Action: Reiterated 11/18/25

Intrance Co., Ltd. faces significant financial challenges, with consistent losses and negative cash flow impacting its financial performance. The technical indicators suggest a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors contribute to a low overall stock score.

Positive Factors

Low reported debt relative to equity

A structurally low level of recorded debt versus equity gives the company durable financial flexibility. Lower leverage reduces fixed financing costs, preserves borrowing capacity during downturns, and provides optionality to invest in operations or refinance on better terms without immediate solvency pressure.

Positive recent revenue growth (~9.5%)

Mid-single-digit revenue growth implies the business can expand top-line activity over time. Sustained revenue increases help absorb fixed costs, support incremental investment in services, and are a necessary structural input for eventual margin stabilization if operational improvements are executed.

Low market volatility (beta ~0.43)

A low beta indicates the company's results are less sensitive to broad market swings, supporting steadier cash-flow planning. This structural stability can lower refinancing and fundraising pressure, making long-term strategy execution and capital allocation less vulnerable to market-driven volatility.

Negative Factors

Negative operating and free cash flow

Persistent negative operating cash flow and deteriorating free cash flow are structural risks to business continuity. They force reliance on external financing or asset disposals, constrain capital expenditures and working-capital support, and increase default or dilution risk absent a durable cash-flow turnaround.

Consistent operating losses and negative margins

Ongoing negative net income and EBIT margins indicate persistent operational unprofitability. Enduring losses erode retained equity, limit reinvestment capacity, reduce attractiveness to lenders or partners, and raise the structural challenge of achieving sustainable profitability without material business change.

Declining equity and elevated liabilities

Erosion of stockholders' equity alongside relatively high liabilities weakens solvency and loss-absorption capacity. Structurally, this narrows available lending headroom, heightens covenant and refinancing risk, and increases the chance that adverse results force asset sales or more dilutive funding.

Intrance Co., Ltd. Business Overview & Revenue Model

Company Description

Intrance Co.,Ltd., together with its subsidiaries, engages in the real estate business in Japan. It operates in three segments: Real Estate, Hotel Operation, and Herb Garden Operation Businesses. The company is involved in the investment and revitalization of various real estate properties, such as commercial and office buildings, and residences; provision of property management services, including complaint handling, cleaning, patrolling, meter reading, and rent collection; and real estate leasing and sales brokerage activities. It also offers a range of services in hospitality assets comprising hotel management contracts, master lease contracts, and management consulting services; operates and wholesales herb garden facilities; and produces herbs. In addition, the company engages in holding of securities of travel products; sales and advertising activities. Intrance Co.,Ltd. was incorporated in 1998 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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Intrance Co., Ltd. Financial Statement Overview

Summary

Intrance Co., Ltd. is experiencing financial strain, with consistent losses impacting profitability and cash flow positions. The balance sheet shows some leverage concerns, although the debt level is controlled. Overall, the company faces significant challenges in achieving financial stability and growth.

Income Statement

Intrance Co., Ltd. has faced significant challenges in maintaining profitability, as evidenced by consistently negative net income and EBIT margins over the past years. Revenue growth is volatile with a recent decline, and all profitability margins are negative, indicating ongoing operational difficulties.

Balance Sheet

The company's balance sheet shows a relatively favorable debt-to-equity ratio due to a low level of total debt compared to stockholders' equity. However, the decline in stockholders' equity and high levels of liabilities raise concerns about financial stability. The equity ratio is moderate, suggesting some reliance on debt financing.

Cash Flow

Cash flow analysis reveals inconsistent cash flow generation, with operating cash flow being negative in the latest period. The free cash flow has deteriorated significantly, indicating challenges in managing cash efficiently. The free cash flow to net income ratio is negative, highlighting inefficiencies in converting profit to cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	858.20M	825.02M	1.29B	598.19M	2.35B	1.18B
Gross Profit	674.84M	637.31M	777.12M	340.48M	757.47M	-25.38M
EBITDA	-350.61M	-349.37M	-142.68M	-402.32M	200.34M	-774.29M
Net Income	-460.10M	-432.38M	-139.91M	-493.41M	156.11M	-993.16M
Balance Sheet
Total Assets	1.16B	1.06B	1.16B	1.18B	1.86B	2.91B
Cash, Cash Equivalents and Short-Term Investments	672.79M	535.81M	890.04M	552.41M	1.33B	971.08M
Total Debt	265.61M	10.30M	43.31M	319.80M	367.57M	1.40B
Total Liabilities	538.87M	323.62M	297.55M	488.31M	680.60M	1.88B
Stockholders Equity	621.11M	735.73M	860.45M	692.71M	1.18B	1.03B
Cash Flow
Free Cash Flow	0.00	-391.97M	266.22M	-644.47M	1.45B	449.18M
Operating Cash Flow	0.00	-391.62M	281.37M	-587.34M	1.46B	485.24M
Investing Cash Flow	0.00	-238.40M	34.54M	-148.75M	-64.65M	67.00M
Financing Cash Flow	0.00	276.31M	122.00M	-47.60M	-1.03B	-301.98M

Intrance Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 65.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3237, the sentiment is Negative. The current price of 65 is below the 20-day moving average (MA) of 65.85, below the 50-day MA of 66.58, and below the 200-day MA of 73.64, indicating a bearish trend. The MACD of -1.56 indicates Positive momentum. The RSI at 20.70 is Positive, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3237.

Intrance Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3276	73 Outperform	¥21.62B	15.65	―	4.36%	1.52%	16.04%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3238	63 Neutral	¥3.58B	-4.07	―	3.41%	31.33%	174.39%
9423	63 Neutral	¥2.67B	14.58	―	2.43%	11.80%	-41.76%
3252	62 Neutral	¥71.40B	8.53	―	2.89%	-3.09%	-35.66%
5532	61 Neutral	¥17.03B	5.83	―	―	23.19%	44.46%
3237	40 Neutral	¥2.65B	-7.96	―	―	4.15%	-14.18%

Intrance Co., Ltd. Corporate Events

Intrance Narrows Outlook Gap With Strong Sales but Deepening Losses

Intrance Co., Ltd. reported consolidated net sales of ¥903 million for the nine months ended December 31, 2025, a 41.2% year-on-year increase, but remained in the red with an operating loss of ¥280 million and a net loss of ¥333 million. The company’s equity ratio fell sharply from 66.5% to 38.5% as total net assets declined, reflecting continued balance sheet pressure despite higher sales.

No interim dividends were declared, and the company continues to forecast no payout for the full year, underscoring a priority on capital preservation over immediate shareholder returns. Despite the current losses, Intrance maintains a bullish full-year outlook, projecting a sharp jump in net sales to ¥2,249 million and a swing to profitability with ¥55 million in profit attributable to owners of the parent for the year ending March 31, 2026.

The most recent analyst rating on (JP:3237) stock is a Sell with a Yen69.00 price target. To see the full list of analyst forecasts on Intrance Co., Ltd. stock, see the JP:3237 Stock Forecast page.