i-plug, Inc. (4177) AI Stock Analysis

• Market Cap: ¥6.12B
• Dividend Yield: N/A
• Average Volume (3M): 4.75K
• Price to Earnings (P/E): 4.8
• Beta (1Y): 0.46
• Revenue Growth: 10.47%
• EPS Growth: 229.21%
• Country: JP
• Employees: 334
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 80.27
• Shares Outstanding: 3,986,402
• 10 Day Avg. Volume: 2,590
• 30 Day Avg. Volume: 4,750
• PEG Ratio: -0.02
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 5.73
• 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): 202.5
• Revenue Forecast (FY): ¥7.50B

• Rating: 81 Outperform
• Price Target: ¥1,975.00 ▲(36.58% Upside)
• Action: Reiterated Date: 12/31/25
• Date: Action: Reiterated 12/31/25

The score is driven primarily by strong financial performance (improving margins, low leverage, and strong cash conversion) and supportive technical momentum (price above key moving averages with positive MACD). Valuation is also a positive with a P/E of 10.4, though overbought RSI/Stoch readings add near-term pullback risk and no dividend yield data is available.

Positive Factors

High gross and improving net margins

Exceptionally high gross margins (~90.8%) and a move to positive net margin (11.8% in 2025) indicate a scalable, low-variable-cost recruitment platform. This structural margin profile supports durable profitability and reinvestment capacity even if revenue growth moderates.

Negative Factors

Historical profitability volatility

Prior periods of losses and earnings volatility suggest the company's profitability has not been consistently stable. In cyclical staffing markets, reversion risk could erode margins and cash flows, making the recent improvements potentially less durable under downturns or client demand shocks.

i-plug, Inc. Business Overview & Revenue Model

Company Description

i-plug,Inc. provides graduate direct recruiting services. The company offers OfferBox, a direct recruiting service specializing in new graduates that allows companies to send offers directly to students; PaceBox, a direct recruiting job site for j...

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i-plug,Inc. provides graduate direct recruiting services. The company offers OfferBox, a direct recruiting service specializing in new graduates that allows companies to send offers directly to students; PaceBox, a direct recruiting job site for j...

How the Company Makes Money

i-plug, Inc. generates revenue primarily through the sale of its proprietary connectivity products, which include connectors, cables, and integration software. The company operates a B2B model, supplying these products to manufacturers and service...

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i-plug, Inc. generates revenue primarily through the sale of its proprietary connectivity products, which include connectors, cables, and integration software. The company operates a B2B model, supplying these products to manufacturers and service...

i-plug, Inc. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.31B	5.08B	4.60B	3.74B	3.04B	2.15B
Gross Profit	4.82B	4.62B	4.07B	3.26B	2.69B	1.81B
EBITDA	745.74M	745.10M	-10.26M	-331.58M	414.47M	328.94M
Net Income	646.34M	597.92M	-193.93M	-492.42M	253.79M	232.49M
Balance Sheet
Total Assets	5.04B	3.83B	3.20B	3.49B	3.32B	2.87B
Cash, Cash Equivalents and Short-Term Investments	3.10B	2.51B	2.16B	2.38B	2.78B	2.44B
Total Debt	334.65M	422.95M	545.62M	962.13M	629.80M	776.55M
Total Liabilities	3.82B	2.44B	2.42B	2.53B	1.89B	1.71B
Stockholders Equity	1.22B	1.40B	782.14M	960.59M	1.43B	1.16B
Cash Flow
Free Cash Flow	0.00	804.39M	200.25M	-511.28M	494.91M	385.20M
Operating Cash Flow	0.00	819.38M	490.31M	-291.50M	553.70M	407.94M
Investing Cash Flow	0.00	-352.44M	-290.06M	-452.22M	-54.21M	2.72M
Financing Cash Flow	0.00	-122.19M	-415.47M	340.20M	-130.81M	840.86M

i-plug, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1446.00
• 50DMA: Negative
• 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:4177, the sentiment is Positive. The current price of 1446 is below the 20-day moving average (MA) of 1586.19, below the 50-day MA of 1597.74, and above the 200-day MA of 1360.98, indicating a neutral trend. The MACD of -12.07 indicates Positive momentum. The RSI at 46.51 is Neutral, neither overbought nor oversold. The STOCH value of 11.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4177.

i-plug, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2301	84 Outperform	¥23.28B	-13.94	―	3.79%	2.69%	-13.40%
4177	81 Outperform	¥6.12B	4.84	―	―	10.47%	229.21%
3991	78 Outperform	¥10.66B	13.11	―	1.72%	3.95%	4.50%
7089	75 Outperform	¥7.70B	9.23	―	―	21.37%	93.71%
4377	70 Outperform	¥34.26B	36.73	―	0.39%	41.23%	50.13%
6539	70 Outperform	¥24.65B	24.11	―	5.45%	21.90%	0.46%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%