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

• Market Cap: ¥30.20B
• Dividend Yield: 0.77%
• Average Volume (3M): 45.15K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.95
• Revenue Growth: 14.71%
• EPS Growth: -24.01%
• Country: JP
• Employees: 434
• Sector: Consumer Defensive
• Sector Strength: 58
• Industry: Household & Personal Products
• EPS (TTM): 21.37
• Shares Outstanding: 17,784,270
• 10 Day Avg. Volume: 41,330
• 30 Day Avg. Volume: 45,150
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥1,820.00
• Price Target Upside: 7.18% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: ¥1,878.00 ▲(10.60%Upside)

I-ne CO., LTD. scores well due to its strong valuation metrics and positive technical indicators. However, financial performance indicates potential risks with declining net margins and liquidity concerns, which moderate the overall score.

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

Company Description

I-ne Co., Ltd. (4933) is a Japan-based company specializing in the development, production, and sale of beauty and personal care products. The company operates primarily in the cosmetics and wellness sectors, offering a diverse range of products that include skincare, haircare, and body care items. Known for its innovative approach and high-quality formulations, I-ne Co., Ltd. caters to a broad consumer base both domestically and internationally.

How the Company Makes Money

I-ne Co., Ltd. generates revenue primarily through the sale of its beauty and personal care products. The company's key revenue streams include direct sales through its own e-commerce platforms and physical retail outlets, as well as distribution through third-party retailers and online marketplaces. Strategic partnerships with other brands and collaborations with influencers and celebrities also play a significant role in boosting visibility and driving sales. Additionally, I-ne Co., Ltd. invests in marketing and promotional activities to enhance brand recognition and expand its market reach, contributing to its overall earnings.

I-ne CO., LTD. Financial Statement Overview

Summary

I-ne CO., LTD. shows strong revenue growth and gross profit margins. However, declining net profit margins, higher leverage, and negative free cash flow indicate financial risks and liquidity concerns.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	45.01B	41.64B	35.27B	28.31B	23.28B
Gross Profit	24.05B	22.24B	18.30B	15.05B	11.12B
EBITDA	4.86B	7.07B	3.48B	2.50B	1.62B
Net Income	2.94B	3.95B	1.93B	1.24B	905.00M
Balance Sheet
Total Assets	35.12B	22.91B	16.49B	14.06B	13.16B
Cash, Cash Equivalents and Short-Term Investments	8.39B	8.99B	5.48B	6.80B	7.27B
Total Debt	10.02B	59.00M	194.00M	853.00M	2.00B
Total Liabilities	18.58B	8.58B	6.16B	5.65B	6.23B
Stockholders Equity	16.54B	14.33B	10.33B	8.41B	6.93B
Cash Flow
Free Cash Flow	-332.00M	903.00M	-742.00M	482.00M	2.57B
Operating Cash Flow	38.00M	1.24B	1.24B	573.00M	2.74B
Investing Cash Flow	-10.36B	2.48B	-1.97B	-118.00M	-41.00M
Financing Cash Flow	9.23B	-156.00M	-666.00M	-739.00M	2.21B

I-ne CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1698.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4933, the sentiment is Positive. The current price of 1698 is above the 20-day moving average (MA) of 1661.45, above the 50-day MA of 1658.36, and below the 200-day MA of 1779.02, indicating a neutral trend. The MACD of 13.36 indicates Negative momentum. The RSI at 57.01 is Neutral, neither overbought nor oversold. The STOCH value of 83.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
4932	80 Outperform	¥11.36B	15.96		5.78%	12.45%	-3.65%
4933	73 Outperform	¥30.20B	10.32		0.77%	14.71%	-24.01%
4923	73 Outperform	¥42.28B	29.57		1.39%	2.52%	-7.44%
Sector *	63 Neutral	$20.42B	12.48	-5.08%	3.15%	3.08%	-15.32%
4925	61 Neutral	¥6.24B	10.82		2.42%	-2.13%	―
4934	54 Neutral	¥7.51B	10.30		―	-17.95%	―
4926	45 Neutral	¥5.04B	37.01		1.70%	0.10%	-239.09%

I-ne CO., LTD. Corporate Events

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.

I-ne Co., Ltd. Waives Claims Against Shanghai Subsidiary Amid Liquidation

I-ne Co., Ltd. has decided to waive claims against its subsidiary, I-ne Cosmetics Shanghai Co., Ltd., as part of its liquidation process. This decision will not significantly impact the company’s financial results as the loss has already been accounted for in previous financial statements, ensuring stability in its consolidated business performance.

I-ne Co., Ltd. Issues Performance-Linked Stock Options to Drive Growth

I-ne Co., Ltd. announced the issuance of performance target-linked stock options to its directors and employees, aiming to align their interests with shareholders and motivate them towards achieving the company’s growth targets. The stock options are tied to ambitious sales and EBITDA targets set for 2028, with the goal of enhancing corporate and shareholder value while minimizing share dilution.

I-ne Co., Ltd. Exceeds Q1 Profit Expectations Due to Timing Differences

I-ne Co., Ltd. reported that its operating profit for the first quarter of fiscal year 2025 exceeded expectations due to timing differences. The primary contributors were an initial sell-in of renewed ‘YOLU’ products, deferred advertising expenses, and pending PPA valuation of Tout Vert Co., Ltd. Despite these changes, the company maintains its half-year and full-year forecasts, indicating stable financial expectations.

I-ne Co., Ltd. Announces Extraordinary Shareholders Meeting and Director Nomination

I-ne Co., Ltd. has announced the establishment of a record date for an Extraordinary Meeting of Shareholders scheduled for September 26, 2025. The meeting will include a proposal for the election of a new director, Koichi Mizutome, who has extensive experience in corporate management and has been instrumental in business turnarounds and expansions. This move is expected to support the company’s medium-term business plan and enhance its growth and expansion efforts, particularly in overseas markets.

I-ne Co., Ltd. Finalizes Stock-Based Compensation Details

I-ne Co., Ltd. has finalized the issuance details of stock-based compensation stock options for its directors and employees, as resolved in a recent board meeting. This move, involving 6,836 stock acquisition rights, aims to align the interests of its management and workforce with the company’s performance, potentially impacting its operational dynamics and stakeholder relations.

I-ne CO., LTD. Reports Robust Q1 2025 Financial Performance

I-ne CO., LTD. reported strong financial results for the first quarter of 2025, with a significant year-over-year increase in net sales and profit indicators. The company’s growth was driven by revamped YOLU haircare products and the successful integration of Tout Vert, which contributed to a 410.9% increase in the skincare segment. Additionally, improvements in the beauty devices sector and strategic distribution partnerships have bolstered profitability. Despite potential macroeconomic challenges, the company’s focus on the domestic Japanese market and favorable currency trends are expected to mitigate negative impacts.