IR Japan Holdings Ltd. (6035) AI Stock Analysis

• Market Cap: ¥13.32B
• Dividend Yield: 2.91%
• Average Volume (3M): 60.15K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.00
• Revenue Growth: 7.68%
• EPS Growth: 39.87%
• Country: JP
• Employees: 172
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 13.41
• Shares Outstanding: 17,839,710
• 10 Day Avg. Volume: 52,670
• 30 Day Avg. Volume: 60,153
• PEG Ratio: -2.14
• Price to Book (P/B): 2.24
• Price to Sales (P/S): 2.17
• P/FCF Ratio: 16.46
• 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: 78 Outperform
• Price Target: ¥965.00 ▲(10.29% Upside)
• Action: Reiterated Date: 09/10/25
• Date: Action: Reiterated 09/10/25

IR Japan Holdings Ltd. scores well due to strong technical indicators and a solid financial foundation. The stock's bullish momentum is a significant positive factor, although the financial performance is somewhat tempered by recent declines in profit margins and cash flow. Valuation is reasonable but not particularly compelling given the operational challenges.

Positive Factors

Balance Sheet Strength

A very low debt-to-equity ratio and high equity ratio provide durable financial flexibility. With minimal leverage the company can absorb revenue volatility, fund strategic initiatives or client investments, and maintain stability over the next 2–6 months without refinancing risk.

High Gross Margins

Consistently high gross margins reflect strong pricing power and low direct cost intensity in advisory services. That margin cushion supports operating profitability, funds reinvestment in offerings, and softens the impact of short-term revenue dips over the medium term.

Fee-based, Recurring Service Model

A fee-based advisory and retainer model creates recurring revenue and long client relationships. Structural demand for IR, governance and proxy services gives steady baseline revenue and predictable workflow tied to corporate reporting cycles and governance trends.

Negative Factors

Operating Cash Flow Volatility

Significant year-over-year swings in operating and free cash flow reduce predictability of internal funding. Even with a strong cash balance, volatile cash generation can constrain investment, dividends, or M&A activity and raises execution risk over the medium term.

Recent Margin Compression

A decline in EBIT and net margins suggests rising operating costs or pressure on fee realization. Sustained margin erosion would weaken free cash flow and the ability to invest in product or client services, making earnings and balance-sheet strength less durable.

Revenue Cyclicality / Demand Sensitivity

Revenue depends on corporate event volumes, shareholder activism and governance cycles. That exposure creates structural cyclicality risk: quieter periods or fewer transactions materially reduce fee pools and make multi-quarter revenue predictability more difficult.

IR Japan Holdings Ltd. Business Overview & Revenue Model

Company Description

IR Japan Holdings, Ltd., through its subsidiary, IR Japan, Inc., provides investor relation (IR) and shareholder relation (SR) consulting services to publicly listed companies in Japan. It offers equity consulting services, including shareholder identification surveys, voting simulations, activist risk analysis, hostile takeover risk analysis, corporate value enhancement advisory, strategic review, balance sheet simulation, corporate governance consulting, ESG consulting, and stock transfer agency business services. The company also provides investment banking services, such as FA services on M&A execution, FA/PA services on contests for corporate control/TOB, FA/PA services on proxy contests/TOB, FA/PA services on responses to activist situations, FA services on acquisitions/integration/buy-outs, and MBO advisory/LBO advisory services. IR Japan Holdings, Ltd. was founded in 1984 and is headquartered in Tokyo, Japan.

How the Company Makes Money

IR Japan Holdings Ltd. generates revenue primarily through its consulting services in investor relations and shareholder relations. The company's key revenue streams include fees from advisory services related to enhancing corporate governance, managing shareholder meetings, and advising on mergers and acquisitions. Additionally, the firm provides proxy advisory services, helping companies navigate complex shareholder voting scenarios. Significant factors contributing to its earnings include its strong reputation in the industry, extensive experience in the Japanese market, and a robust client base, which includes a wide range of publicly listed companies seeking to improve their investor engagement strategies.

IR Japan Holdings Ltd. Financial Statement Overview

Summary

IR Japan Holdings Ltd. demonstrates a stable financial foundation with strong gross margins and a solid balance sheet. However, recent declines in profit margins and cash flow suggest potential operational and liquidity challenges that need addressing. Despite these concerns, the company remains well-capitalized with low leverage.

Income Statement

The company shows a moderate revenue growth with a CAGR of approximately 2.5% over the last five years. Gross profit margins remain robust, consistently above 75%, indicating strong pricing power. However, the net profit margin has slightly decreased recently due to lower EBIT margins, signaling potential operational challenges.

Balance Sheet

The balance sheet is strong, characterized by a low debt-to-equity ratio of about 0.04, suggesting minimal leverage and financial risk. The equity ratio is high, reflecting solid shareholder equity compared to total assets. These factors point to a stable financial position, although a slight decrease in equity over recent years is noted.

Cash Flow

The operating cash flow remains healthy but has shown volatility, decreasing significantly in the latest year compared to 2024. Free cash flow has also declined, showing a negative growth rate. The company maintains a strong cash position, but the recent trends in cash flows could indicate potential liquidity challenges.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.01B	5.78B	5.66B	6.01B	8.40B	8.28B
Gross Profit	4.74B	4.53B	4.52B	4.97B	7.13B	7.05B
EBITDA	1.54B	1.35B	1.39B	1.37B	3.74B	4.29B
Net Income	837.81M	698.94M	762.99M	671.95M	2.43B	2.80B
Balance Sheet
Total Assets	7.50B	6.90B	6.67B	7.36B	9.03B	8.41B
Cash, Cash Equivalents and Short-Term Investments	4.80B	4.19B	4.13B	4.08B	5.80B	5.42B
Total Debt	200.00M	200.00M	200.00M	200.00M	200.00M	200.00M
Total Liabilities	1.46B	1.29B	1.30B	1.28B	1.61B	1.76B
Stockholders Equity	6.05B	5.61B	5.37B	6.08B	7.42B	6.65B
Cash Flow
Free Cash Flow	0.00	763.11M	1.52B	260.71M	2.12B	2.08B
Operating Cash Flow	0.00	773.14M	1.83B	618.54M	2.60B	2.40B
Investing Cash Flow	0.00	-271.66M	-295.02M	-336.96M	-537.22M	-366.63M
Financing Cash Flow	0.00	-444.12M	-1.47B	-2.01B	-1.69B	-1.42B

IR Japan Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 875.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6035, the sentiment is Negative. The current price of 875 is above the 20-day moving average (MA) of 792.70, above the 50-day MA of 806.82, and above the 200-day MA of 771.20, indicating a bearish trend. The MACD of -14.25 indicates Positive momentum. The RSI at 37.65 is Neutral, neither overbought nor oversold. The STOCH value of 36.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6035.

IR Japan Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6035	78 Outperform	¥13.32B	14.72	―	2.91%	7.68%	39.87%
9644	72 Outperform	¥24.03B	16.33	―	3.50%	15.91%	36.39%
7033	71 Outperform	¥22.59B	8.70	―	2.18%	17.87%	5.31%
4792	64 Neutral	¥31.60B	31.60	―	4.39%	2.46%	-31.77%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9236	46 Neutral	¥1.46B	23.80	―	―	8.62%	-658.96%
4422	40 Underperform	¥3.53B	13.18	―	―	-4.85%	-41.71%

IR Japan Holdings Ltd. Corporate Events

IR Japan Faces Supreme Court Appeal Over Previously Dismissed Lawsuit

IR Japan Holdings has disclosed that its subsidiary IR Japan, Inc. has received notice that Asia Development Capital and Asia Investment Fund have filed a final appeal and a petition for acceptance of that appeal with Japan’s Supreme Court. The move challenges prior Tokyo District Court and Tokyo High Court rulings that fully rejected the plaintiffs’ claims and upheld the subsidiary’s position.

The company states that it believes the appellate judgment is appropriate and that the issues were fully examined in earlier trials, and it intends to respond appropriately to the Supreme Court proceedings. IR Japan Holdings currently does not expect the final appeal to affect its business performance but has committed to provide further updates if any material developments arise for stakeholders.

The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.

IR Japan Holdings Delivers Strong Nine-Month Earnings and Raises Interim Dividend

IR Japan Holdings reported consolidated net sales of ¥4.65 billion for the nine months ended December 31, 2025, up 7.5% year on year, with operating profit surging 32.9% to ¥970 million and profit attributable to owners of parent climbing 36.6% to ¥681 million. Profitability improved significantly versus the previous year, as reflected in higher basic earnings per share of ¥38.39 and a stronger equity ratio of 83.1%, underscoring a solid financial base.

Total assets rose to ¥7.12 billion and net assets to ¥5.91 billion, indicating balance-sheet reinforcement alongside earnings growth. The company maintained its policy of not issuing a full-year earnings forecast due to difficulty in reasonably estimating results, but raised the interim dividend to ¥13 per share from ¥10, signaling confidence in current performance and offering a modest return uplift to shareholders despite the absence of explicit guidance.

The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.

IR Japan Holdings Announces Group-Wide Executive Reshuffle and Leadership Transition

IR Japan Holdings, Ltd. has announced a broad reshuffle of senior management across the holding company and key consolidated subsidiaries, signaling a generational transition in leadership. At core operating unit IR Japan, Inc., Director Yukihiko Aoyama will be promoted to Representative Director and President on April 1, 2026, succeeding Yuichiro Kitamura, who will step down as president on March 31, become a director until the June 19, 2026 shareholders’ meeting, and then move into a Senior Advisor role. At the holding company level, Director Yutaka Fujiwara will become Executive Director on April 1, 2026, and will simultaneously assume Executive Director roles at IR Japan, Inc. and Japan Originated Investment Bank, Inc., consolidating management oversight across the group. In addition, at IRJ Business Consulting Staff, Inc., Yusuke Sasaki, currently General Manager of the Disclosure and Research departments, will join the board as Director, while Fujiwara will resign his directorship there at the end of March. The coordinated changes underscore an effort to strengthen group governance, streamline executive responsibilities and preserve continuity by retaining outgoing top management in advisory positions.

The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.

IR Japan Holdings Delivers Profit Rebound but Withholds Full-Year Forecast

IR Japan Holdings reported improved performance for the nine months ended December 31, 2025, with net sales rising 7.5% year on year to ¥4.65 billion and profit attributable to owners of parent climbing 36.6% to ¥681 million, reflecting a strong rebound in profitability. Operating and ordinary profit both grew by more than 30%, and the equity ratio strengthened to 83.1% on higher net assets, underscoring a solid financial base. The company maintained its previously announced dividend stance, having already paid an increased interim dividend of ¥13 per share for the current fiscal year, but it has not yet issued a full-year earnings forecast, citing difficulty in making a reasonable estimate at this time, which leaves some uncertainty for investors regarding the earnings and dividend outlook beyond the interim period.

The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.

IR Japan Holdings Subsidiary Wins Appeal in ¥1.68 Billion Confidentiality Lawsuit

IR Japan Holdings, Ltd. announced that its consolidated subsidiary IR Japan, Inc. has secured a second consecutive legal victory after the Tokyo High Court rejected an appeal brought by Asia Development Capital Co., Ltd. and Asia Investment Fund Co., Ltd., which had sought approximately ¥1.68 billion in damages over alleged misuse of confidential information. The appellate court upheld the earlier Tokyo District Court ruling, finding that IR Japan, Inc. did not owe the claimed duties of care to the plaintiffs and had not breached any such obligations, fully dismissing all claims and assigning appeal costs to the appellants; the company stated that the judgment is fair and appropriate and confirmed that the outcome will have no impact on its business performance, effectively removing a major legal overhang for stakeholders.

The most recent analyst rating on (JP:6035) stock is a Hold with a Yen908.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.

IR Japan Updates TSE Compliance Plan as Delisting Risk Looms Amid Activist-Led Market Shift

IR Japan Holdings has updated its plan to regain compliance with the Tokyo Stock Exchange Prime Market’s continued listing criteria, after remaining below the required tradable share market capitalization despite meeting thresholds for shareholder numbers, tradable share volume, and tradable share ratio. The company remains in an official improvement period through March 31, 2026, and faces potential designation as a security under supervision and eventual delisting in October 2026 if it fails to lift tradable share market capitalization to at least ¥10 billion, prompting a renewed emphasis on operational improvements and measures to restore investor trust and growth. Against a backdrop of intensifying activist investor activity and complex capital and restructuring moves in Japan, IR Japan is leveraging its independent advisory model and data-oriented strengths, which have already contributed to higher first-half sales and operating profit in the year ending March 31, 2026, signaling progress that could support its market value recovery and reassure shareholders and clients about its long-term positioning.

The most recent analyst rating on (JP:6035) stock is a Buy with a Yen965.00 price target. To see the full list of analyst forecasts on IR Japan Holdings Ltd. stock, see the JP:6035 Stock Forecast page.