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

• Market Cap: ¥5.03B
• Dividend Yield: N/A
• Average Volume (3M): 620.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -0.68%
• EPS Growth: -48.23%
• Country: JP
• Employees: 94
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -3.83
• 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: ¥850.00 ▲(24.63% Upside)

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

Diversified trading & distribution network

A diverse product mix and an extensive domestic and international distribution network provide durable demand diversification and sourcing flexibility. This reduces reliance on any single market or supplier, supports procurement leverage, and helps sustain revenue through regional shifts in demand over months.

Moderate leverage and reasonable equity ratio

A moderate debt burden and reasonable equity ratio give the company financial flexibility to manage working capital and absorb shocks without immediate recapitalization. This structural strength supports operational continuity and selective investment while profitability is being restored.

Partial free cash flow coverage of net losses

Positive signal that operations can convert some accounting losses into cash, reducing near-term dependency on external financing. If the company stabilizes margins and sales, this cash conversion potential materially improves its ability to self-fund working capital and gradual recovery initiatives.

Negative Factors

Negative and declining profitability

Sustained negative net profit and EBIT margins point to fundamental earnings weakness. Continued deficits erode shareholder equity, limit reinvestment capacity, and force cost or portfolio restructuring; profitability recovery is necessary to restore long-term capital returns and balance-sheet health.

Severe revenue contraction

A roughly 68% reported revenue decline indicates material loss of demand or market share. Such a steep top-line drop weakens fixed-cost absorption and long-term growth visibility. Restoring sustainable revenue is critical to improving margins, cash flow and the company’s strategic options.

Volatile, negative operating cash flow

Negative and volatile operating cash flow limits the company's ability to fund operations and capex organically, increasing reliance on external financing or asset sales. This raises liquidity and execution risk and complicates multi-period budgeting until cash conversion stabilizes.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.78B	1.84B	1.85B	2.01B	2.06B	2.16B
Gross Profit	575.04M	547.54M	653.00M	734.04M	765.37M	731.57M
EBITDA	-174.38M	-127.45M	-60.61M	104.94M	252.76M	279.21M
Net Income	-201.16M	-145.13M	-97.90M	36.63M	173.52M	201.56M
Balance Sheet
Total Assets	1.50B	1.48B	1.65B	1.72B	1.61B	1.45B
Cash, Cash Equivalents and Short-Term Investments	723.60M	711.55M	1.02B	994.38M	857.48M	608.90M
Total Debt	246.89M	231.19M	279.03M	198.59M	125.55M	124.68M
Total Liabilities	394.23M	405.68M	413.14M	392.69M	315.21M	337.17M
Stockholders Equity	1.10B	1.08B	1.22B	1.32B	1.28B	1.11B
Cash Flow
Free Cash Flow	0.00	-15.52M	57.29M	191.02M	264.35M	189.44M
Operating Cash Flow	0.00	-12.66M	81.48M	200.63M	270.06M	221.21M
Investing Cash Flow	0.00	-252.85M	-124.25M	-133.74M	-11.37M	-28.91M
Financing Cash Flow	0.00	-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: Positive
• MACD: Positive
• 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 below the 20-day moving average (MA) of 723.95, below the 50-day MA of 707.68, and above the 200-day MA of 618.39, indicating a neutral trend. The MACD of -1.45 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 20.49 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
8747	84 Outperform	¥13.38B	6.22	―	4.13%	-9.87%	4.37%
7175	71 Outperform	¥6.94B	7.43	―	4.08%	-10.65%	-19.65%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8742	67 Neutral	¥5.81B	32.08	―	1.13%	6.30%	-43.53%
8700	65 Neutral	¥7.12B	11.25	―	3.66%	4.48%	19.69%
8617	50 Neutral	¥5.02B	-63.32	―	1.12%	-34.90%	-1619.67%
3747	49 Neutral	¥5.03B	-34.76	―	―	-0.68%	-48.23%