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IPS, Inc.
(4390)
IPS, Inc. (4390) vs. iShares MSCI Japan ETF (EWJ)
IPS, Inc. Business Overview & Revenue Model
IPS, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.03B | 15.26B | 14.12B | 12.35B | 10.73B | 9.52B |
| Gross Profit | 8.26B | 8.28B | 7.08B | 5.83B | 4.12B | 3.66B |
| EBITDA | 5.81B | 5.44B | 5.36B | 3.76B | 3.30B | 2.50B |
| Net Income | 2.54B | 2.54B | 2.83B | 2.29B | 1.89B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 41.42B | 42.03B | 33.53B | 25.13B | 18.42B | 11.76B |
| Cash, Cash Equivalents and Short-Term Investments | 3.81B | 3.92B | 4.23B | 6.88B | 5.78B | 3.63B |
| Total Debt | 10.41B | 10.07B | 10.10B | 6.93B | 3.05B | 1.96B |
| Total Liabilities | 21.24B | 21.05B | 18.35B | 13.27B | 9.29B | 5.01B |
| Stockholders Equity | 14.05B | 15.53B | 11.56B | 9.62B | 7.50B | 5.52B |
Cash Flow | ||||||
| Free Cash Flow | 6.50M | -551.00M | -5.20B | -2.69B | 1.05B | -176.74M |
| Operating Cash Flow | 145.50M | 704.00M | -574.00M | 2.64B | 3.58B | 1.64B |
| Investing Cash Flow | -174.00M | -2.54B | -4.74B | -5.51B | -2.66B | -1.89B |
| Financing Cash Flow | 61.50M | 1.38B | 2.31B | 3.58B | 1.07B | 1.33B |
IPS, Inc. Technical Analysis
IPS, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥38.56B | 11.98 | ― | 1.28% | -7.46% | 11.57% | |
80 Outperform | ¥19.74B | 12.48 | ― | 3.53% | 5.03% | -9.55% | |
74 Outperform | ¥23.36B | 23.27 | ― | ― | 30.15% | 31.28% | |
73 Outperform | ¥11.88B | 12.57 | ― | 2.10% | 13.64% | 44.55% | |
66 Neutral | ¥11.86B | 28.13 | ― | 1.01% | 17.19% | -43.91% | |
64 Neutral | ¥14.40B | 10.97 | ― | 4.02% | 5.13% | -13.74% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
IPS, Inc. Corporate Events
IPS, Inc. announced that it has submitted a report to Japan’s National Police Agency and the Ministry of Internal Affairs and Communications detailing preventive measures following an incident of unauthorized use of an IP phone number supplied by its subsidiary IPS Pro, Inc. to a Hong Kong corporation. The company said it has completed all actions requested by the authorities, confirmed there are currently no other transactions posing similar risk, and has overhauled IPS Pro’s management structure by appointing external personnel and revising its executive framework to strengthen internal controls. IPS and IPS Pro emphasized their recognition of their social responsibility as telecommunications service providers and pledged to implement robust recurrence-prevention measures, enhance governance, and pursue sustainable, long-term growth while working to restore trust and support the development of telecom services in Japan and Asia.
The most recent analyst rating on (JP:4390) stock is a Hold with a Yen3979.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. announced that it will receive a dividend of US$8.35 million (approximately JPY 1,306 million) from its consolidated subsidiary ISMO Pte. Ltd., following a resolution dated December 29, 2025, with payment scheduled for January 5, 2026. The dividend will be recognized as non-operating income in IPS’s non-consolidated financial statements for the fiscal year ending March 31, 2026, but will have no impact on its consolidated financial results, signaling an internal capital flow that strengthens the parent’s standalone earnings without altering the group’s overall profit profile for stakeholders.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen4198.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. disclosed that an IP phone number provided by its subsidiary IPS Pro, Inc. to a Hong Kong-based client was fraudulently used for caller ID spoofing in early 2025, making scam calls appear to originate from Japanese police stations and other authorities. After detecting the suspicious activity in March, IPS Pro swiftly reconfigured its systems to block fraudulent display of the affected number and terminated service to the client, while an internal review found no other transactions with similar risks. The company is using the incident to tighten regulatory compliance and governance, including disabling caller ID functions for non-IPSPRO numbers where appropriate, revising systems and overseas contract structures, strengthening training on telecom laws and industry guidelines, and overhauling its management structure by January 2026 with external telecom experts and director changes. Directors involved have voluntarily agreed to return part of their remuneration, and the company emphasized that the financial impact is limited and its domestic telecom earnings forecast remains unchanged, as it seeks to restore trust and reinforce its social responsibility as a telecommunications provider.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen4198.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. has confirmed a report regarding the misuse of telephone lines by its subsidiary, IPS PRO, Inc., which led to fraudulent activities involving the display of incorrect caller IDs. The company is taking steps to enhance subsidiary management and prevent future occurrences, while cooperating with ongoing investigations. Currently, no financial impact is anticipated, but updates will be provided if necessary.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen4198.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. sees significant opportunities following the enactment of the Konektadong Pinoy Act in the Philippines, which promotes competition in telecommunications by mandating open access to fiber optic networks. This law is expected to boost demand for IPS’s network construction services, enabling the company to expand its role and anticipate stable revenue streams. Additionally, the completion of the Candle Submarine Cable System is set to enhance IPS’s position in international telecommunications infrastructure, creating further investment opportunities and growth potential.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen3290.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. announced a discrepancy between its forecasted and actual consolidated earnings for the second quarter of the fiscal year ending March 2026. Despite a shortfall in net sales due to lower revenue from network construction services, operating profit exceeded expectations due to strong performance in domestic telecommunications and foreign exchange gains. Consequently, ordinary and interim profits surpassed forecasts, and the company maintains its earnings forecast for the fiscal year.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen3290.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.
IPS, Inc. reported its consolidated financial results for the six months ending September 30, 2025, showing a slight increase in net sales by 1.4% to ¥7,854 million and a significant rise in profit attributable to owners of the parent by 67.2% to ¥1,607 million. Despite a decrease in comprehensive income, the company maintains a stable financial position with total assets of ¥42,042 million and an equity ratio of 35.0%. The forecast for the fiscal year ending March 31, 2026, anticipates continued growth in net sales and profits, with no revisions to previously announced earnings forecasts.
The most recent analyst rating on (JP:4390) stock is a Buy with a Yen3290.00 price target. To see the full list of analyst forecasts on IPS, Inc. stock, see the JP:4390 Stock Forecast page.