I-ne CO., LTD. (4933) AI Stock Analysis

• Market Cap: ¥23.57B
• Dividend Yield: 1.02%
• Average Volume (3M): 104.50K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.86
• Revenue Growth: 10.79%
• EPS Growth: 21.35%
• Country: JP
• Employees: 434
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 31.44
• Shares Outstanding: 17,788,270
• 10 Day Avg. Volume: 94,830
• 30 Day Avg. Volume: 104,500
• PEG Ratio: -0.46
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 0.77
• P/FCF Ratio: -104.75
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: ¥1,400.00 ▲(10.15% Upside)

I-ne CO., LTD. has a balanced score driven by strong financial performance in terms of revenue growth and valuation metrics indicating potential undervaluation. However, technical analysis shows bearish trends, and liquidity concerns due to negative free cash flow pose risks. The absence of earnings call and corporate events data limits further insights.

I-ne CO., LTD. Business Overview & Revenue Model

Company Description

I-ne CO., LTD. (4933) is a Japanese company specializing in the development and manufacturing of health and beauty products, particularly focusing on skincare and cosmetics. The company operates in the personal care sector and is known for its innovative formulations that leverage natural ingredients. I-ne is committed to sustainability and often integrates eco-friendly practices into its product development and packaging.

How the Company Makes Money

I-ne CO., LTD. generates revenue primarily through the sale of its skincare and cosmetics products. The company markets its products through various channels, including online sales, retail partnerships, and direct-to-consumer platforms. Key revenue streams include both domestic sales within Japan and international exports. I-ne may also engage in partnerships with beauty retailers and e-commerce platforms to expand its market reach. Additionally, the company invests in research and development to create new products, which can lead to increased sales and enhanced brand loyalty, contributing further to its earnings.

I-ne CO., LTD. Financial Statement Overview

Summary

I-ne CO., LTD. exhibits strong revenue growth and gross profit margins, yet faces profitability challenges with declining net margins. The increased leverage and reduced equity ratio highlight potential financial risks, while negative free cash flow signals liquidity concerns. Focus on improving net income and cash flow generation is crucial for stability.

Income Statement

I-ne CO., LTD. has demonstrated strong revenue growth with a notable increase from 41.64 billion JPY in 2023 to 45.01 billion JPY in 2024, reflecting a growth rate of 8.6%. The gross profit margin stands at 53.4%, indicating efficient cost management. However, the net profit margin decreased to 6.5%, down from 9.5% in the previous year, highlighting a need for improved profitability management.

Balance Sheet

The company's balance sheet shows a healthy equity ratio of 47.1% in 2024, down from 62.6% in 2023, suggesting increased leverage. The debt-to-equity ratio rose significantly to 0.61 from 0.004, indicating higher financial risk. Return on equity fell to 17.8% from 27.6%, impacted by the decline in net income.

Cash Flow

Cash flow analysis reveals challenges with free cash flow turning negative to -332 million JPY in 2024 from a positive 903 million JPY in 2023. The operating cash flow to net income ratio is low at 0.01, suggesting difficulties in converting profits into cash. The free cash flow to net income ratio reflects a negative trend, highlighting potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	47.02B	45.01B	41.64B	35.27B	28.31B	23.28B
Gross Profit	26.05B	24.05B	22.24B	18.30B	15.05B	11.12B
EBITDA	4.79B	4.86B	7.07B	3.70B	2.54B	1.54B
Net Income	2.62B	2.94B	3.95B	1.93B	1.24B	905.00M
Balance Sheet
Total Assets	35.70B	35.12B	22.91B	16.49B	14.06B	13.16B
Cash, Cash Equivalents and Short-Term Investments	7.79B	8.39B	8.99B	5.48B	6.80B	7.27B
Total Debt	7.29B	10.02B	59.00M	194.00M	853.00M	2.00B
Total Liabilities	16.98B	18.58B	8.58B	6.16B	5.65B	6.23B
Stockholders Equity	17.38B	16.54B	14.33B	10.33B	8.41B	6.93B
Cash Flow
Free Cash Flow	2.44B	-332.00M	903.00M	-742.00M	482.00M	2.57B
Operating Cash Flow	2.56B	38.00M	1.24B	1.24B	573.00M	2.74B
Investing Cash Flow	817.00M	-10.36B	2.48B	-1.97B	-118.00M	-41.00M
Financing Cash Flow	-2.96B	9.23B	-156.00M	-666.00M	-739.00M	2.21B

I-ne CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1271.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4933, the sentiment is Negative. The current price of 1271 is below the 20-day moving average (MA) of 1332.15, below the 50-day MA of 1461.90, and below the 200-day MA of 1641.41, indicating a bearish trend. The MACD of -49.54 indicates Negative momentum. The RSI at 30.63 is Neutral, neither overbought nor oversold. The STOCH value of 0.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4933.

I-ne CO., LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4923	―	¥35.64B	24.63	―	1.61%	6.10%	13.84%
4932	―	¥10.95B	21.67	―	6.02%	27.84%	51.43%
4925	―	¥6.28B	9.82	―	2.41%	-3.27%	―
Sector *	―	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
4933	―	¥23.57B	8.84	―	1.02%	10.79%	21.35%
4934	―	¥6.05B	12.85	―	―	-20.62%	―
4926	―	¥5.11B	20.28	―	1.68%	7.21%	―

I-ne CO., LTD. Corporate Events

I-ne Co., Ltd. Announces Strategic Merger with Endeavour Inc.

I-ne Co., Ltd. has announced a strategic absorption-type merger of its wholly-owned subsidiary, Endeavour Inc., effective December 1, 2025. This merger aims to leverage Endeavour’s successful brand development model across the entire group, enhancing competitiveness and corporate value in the medium to long term. The company will waive claims against Endeavour to resolve its insolvency prior to the merger, which will help optimize resource allocation and accelerate decision-making, ultimately strengthening the group’s management structure and talent development.

The most recent analyst rating on (JP:4933) stock is a Hold with a Yen1753.00 price target. To see the full list of analyst forecasts on I-ne CO., LTD. stock, see the JP:4933 Stock Forecast page.

I-ne Co., Ltd. Exceeds Profit Expectations Despite Sales Shortfall

I-ne Co., Ltd. reported a shortfall in net sales for the second quarter of the fiscal year ending December 2025, missing targets by approximately ¥680 million due to delays in market awareness for the renewed YOLU brand. Despite this, the company exceeded profit expectations with EBITDA surpassing plans by ¥110 million and operating profit by ¥150 million, attributed to improved gross margins from increased e-commerce sales and reduced amortization expenses from previous M&A activities. The company plans to reinvest the profit surplus in the second half of the fiscal year.

The most recent analyst rating on (JP:4933) stock is a Hold with a Yen1753.00 price target. To see the full list of analyst forecasts on I-ne CO., LTD. stock, see the JP:4933 Stock Forecast page.

I-ne Co., Ltd. Enhances Shareholder Benefits Program

I-ne Co., Ltd. announced an enhancement to its shareholder benefits program to express gratitude to shareholders and increase the attractiveness of its stock. The revised program, effective December 31, 2025, offers increased points for shareholders holding 500 shares or more, aiming to encourage long-term investment and deepen engagement with the company’s products.

I-ne CO., LTD. Reports Strong H1 2025 Results and Strategic Initiatives

I-ne CO., LTD. reported strong financial results for the first half of 2025, with a notable increase in net sales driven by significant growth in the skincare category and online sales. The company plans to launch 81 new products in the second half of the year and has established a new R&D organization to enhance its market position, while also expanding its shareholder benefits program.

I-ne Co., Ltd. Finalizes Stock Option Issuance Details

I-ne Co., Ltd. has finalized the issuance details of performance target-linked paid-in stock options for its directors and employees, as resolved in a recent board meeting. This move involves the allocation of 2,400 stock acquisition rights, translating to 240,000 common shares, aimed at aligning the interests of the company’s leadership and workforce with its performance goals.