Intertrade Co., Ltd. (3747) AI Stock Analysis

• Market Cap: ¥4.60B
• Dividend Yield: N/A
• Average Volume (3M): 620.27K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 0.94
• Revenue Growth: -0.68%
• EPS Growth: -48.23%
• Country: JP
• Employees: 94
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 22.06
• Shares Outstanding: 7,444,800
• 10 Day Avg. Volume: 455,110
• 30 Day Avg. Volume: 620,266
• PEG Ratio: -0.67
• Price to Book (P/B): 4.36
• Price to Sales (P/S): 2.55
• P/FCF Ratio: -302.25
• 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: 49 Neutral
• Price Target: ¥630.00 ▼(-7.62% Downside)
• Action: Reiterated Date: 01/21/26
• Date: Action: Reiterated 01/21/26

The score is held back primarily by weak financial performance (losses, negative ROE, and negative/volatile operating cash flow) and limited valuation support due to a negative P/E and no dividend yield data. Technicals are relatively stronger with price above major moving averages and positive MACD, but overbought RSI reduces confidence in near-term upside.

Positive Factors

Manageable leverage & reasonable equity ratio

The balance sheet shows moderate leverage with a stable debt-to-equity profile and a reasonable equity ratio. That capital structure gives the company financial flexibility to fund operations or strategic moves over the next 2–6 months without immediate refinancing pressure, supporting durability.

Recent revenue uptick

After prior weakness, the company reported a slight revenue increase in the latest year, indicating some demand resilience or improved sales execution. If sustained, this reverses a multi-year downtrend and supports more predictable top-line cash generation over the medium term.

Some free cash flow coverage of losses

Despite recent losses, free cash flow relative to net income suggests the company can convert some earnings into cash and partially offset accounting losses. This partial cash coverage reduces insolvency risk and provides a base for operational continuity while management works on profitability improvements.

Negative Factors

Negative profitability and margins

Sustained negative EBIT and net margins erode internal reinvestment capacity and signal structural cost or pricing issues. Persistent unprofitability undermines long-term value creation, constrains strategic investments, and increases reliance on external financing if not corrected.

Negative and volatile operating cash flow

Volatile and recently negative operating cash flow impairs the firm's ability to fund daily operations from core business receipts. This creates ongoing liquidity risk, reduces resilience to shocks, and forces greater dependence on balance sheet management or external capital over months ahead.

Declining ROE and returns to shareholders

A negative ROE indicates the business is destroying equity rather than compounding it. Over a multi-month horizon this weakens investor confidence, limits ability to attract capital on favorable terms, and signals deeper operational or structural profitability problems needing remediation.

Intertrade Co., Ltd. Business Overview & Revenue Model

Company Description

Intertrade Co.,Ltd. provides financial, business, and healthcare solutions in Japan. The company offers securities dealing systems, foreign exchange margin trading systems, crypto asset platforms, private exchange systems, etc.; and business management integration platform, system engineering services, and support center/SI services. It also develops and sells health food and cosmetics; and produces functional mushrooms. Intertrade Co.,Ltd. was incorporated in 1999 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Intertrade Co., Ltd. generates revenue through multiple key streams. Primarily, the company earns income from the wholesale distribution of consumer goods and industrial supplies, where it purchases products in bulk and sells them at a markup to retailers and other businesses. Additionally, Intertrade Co., Ltd. may engage in value-added services, such as logistics and warehousing, which provide supplementary income. The company further capitalizes on strategic partnerships with manufacturers and suppliers, enabling it to negotiate favorable pricing and terms, which enhances profit margins. Seasonal fluctuations and market trends also play a significant role in shaping its revenue, as demand for certain products may surge during specific periods, allowing the company to optimize its sales strategies.

Intertrade Co., Ltd. Financial Statement Overview

Summary

Weak overall fundamentals driven by declining profitability (negative net profit and EBIT margins) and inconsistent revenue trends. Balance sheet leverage appears manageable, but negative ROE and volatile/negative operating cash flow in the latest period materially reduce the financial performance outlook.

Income Statement

Intertrade Co., Ltd. has experienced a decline in profitability over the years, with negative net profit margins and EBIT margins in the most recent period. Revenue growth has been inconsistent, with a slight increase in the latest year but a general downward trend over the past few years. The company faces challenges in maintaining stable gross profit margins, indicating potential issues in cost management or pricing strategies.

Balance Sheet

The company's balance sheet shows moderate leverage with a debt-to-equity ratio that has remained relatively stable. However, the return on equity has turned negative, reflecting challenges in generating returns for shareholders. The equity ratio is reasonable, suggesting a balanced capital structure, but the declining ROE is a concern for long-term value creation.

Cash Flow

Cash flow analysis reveals significant volatility, with negative operating cash flow in the latest period. The free cash flow to net income ratio indicates some ability to cover net losses, but the overall cash flow position is weak. The company needs to improve its cash generation capabilities to support operations and growth.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.84B	1.85B	2.01B	2.06B	2.16B
Gross Profit	547.54M	653.00M	734.04M	765.37M	731.57M
EBITDA	-127.45M	-60.61M	104.94M	252.76M	279.21M
Net Income	-145.13M	-97.90M	36.63M	173.52M	201.56M
Balance Sheet
Total Assets	1.48B	1.65B	1.72B	1.61B	1.45B
Cash, Cash Equivalents and Short-Term Investments	711.55M	1.02B	994.38M	857.48M	608.90M
Total Debt	231.19M	279.03M	198.59M	125.55M	124.68M
Total Liabilities	405.68M	413.14M	392.69M	315.21M	337.17M
Stockholders Equity	1.08B	1.22B	1.32B	1.28B	1.11B
Cash Flow
Free Cash Flow	-15.52M	57.29M	191.02M	264.35M	189.44M
Operating Cash Flow	-12.66M	81.48M	200.63M	270.06M	221.21M
Investing Cash Flow	-252.85M	-124.25M	-133.74M	-11.37M	-28.91M
Financing Cash Flow	-47.86M	73.31M	70.01M	-10.10M	-110.62M

Intertrade Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 682.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3747, the sentiment is Neutral. The current price of 682 is above the 20-day moving average (MA) of 658.45, below the 50-day MA of 692.08, and above the 200-day MA of 644.81, indicating a bearish trend. The MACD of -20.06 indicates Negative momentum. The RSI at 44.40 is Neutral, neither overbought nor oversold. The STOCH value of 66.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3747.

Intertrade Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7175	74 Outperform	¥7.22B	4.16	―	4.08%	-10.65%	-19.65%
8705	68 Neutral	¥14.58B	6.17	2.60%	3.54%	-11.21%	-44.89%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8700	65 Neutral	¥7.01B	6.67	―	3.66%	4.48%	19.69%
8617	50 Neutral	¥5.29B	12.65	―	1.12%	-34.90%	-1619.67%
8746	50 Neutral	¥3.94B	-0.78	―	―	42.97%	-335.79%
3747	49 Neutral	¥4.60B	7.73	―	―	-0.68%	-48.23%