I-Net Corporation (9600) AI Stock Analysis

• Market Cap: ¥27.35B
• Dividend Yield: 3.11%
• Average Volume (3M): 83.23K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.10
• Revenue Growth: 6.33%
• EPS Growth: 37.17%
• Country: JP
• Employees: 1,651
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 14.59
• Shares Outstanding: 15,475,524
• 10 Day Avg. Volume: 100,330
• 30 Day Avg. Volume: 83,226
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥2,013.00
• Price Target Upside: 11.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: ¥2,013.00 ▲(11.96% Upside)

I-Net Corporation's strong financial performance and attractive valuation are key strengths, supporting a positive outlook. However, technical indicators suggest potential bearish momentum, which could impact short-term performance. The absence of recent earnings call data and corporate events limits additional insights.

I-Net Corporation Business Overview & Revenue Model

Company Description

I-Net Corp. provides information processing and system development services; and sells system equipment. The company offers data center, cloud, contract calculation / settlement processing, and BPO / call center services, as well as printing / mailing services to corporations, financial institutions, SS, convenience stores / supermarkets, space development, manufacturing, construction / architecture, transportation infrastructure, and healthcare fields. I-Net Corp. was incorporation in 1971 and is headquartered in Yokohama, Japan.

How the Company Makes Money

I-Net Corporation generates revenue through multiple streams, primarily by selling network hardware and software solutions, as well as providing subscription-based managed services. The company also earns income from consulting services, where it assists clients in implementing and optimizing their network and cybersecurity strategies. Significant partnerships with major technology providers enhance I-Net's product offerings and market reach, contributing to its earnings through joint ventures and collaborative projects. Additionally, I-Net benefits from ongoing maintenance contracts and support services that provide a steady revenue flow.

I-Net Corporation Financial Statement Overview

Summary

I-Net Corporation shows strong revenue growth and profitability with a stable balance sheet. However, fluctuations in free cash flow and a slight decrease in EBIT margin suggest areas for improvement in operational efficiency and cash management.

Income Statement

I-Net Corporation has demonstrated consistent revenue growth, with a notable increase from ¥31.1 billion in 2020 to ¥38.9 billion in 2025. The gross profit margin remains stable, indicating efficient cost management. However, the EBIT margin has slightly decreased over the years, suggesting potential pressure on operating efficiency. The net profit margin has improved, reflecting effective cost control and profitability enhancement.

Balance Sheet

The company's balance sheet shows a healthy equity ratio, with stockholders' equity consistently covering a significant portion of total assets. The debt-to-equity ratio remains manageable, although there has been an increase in total debt over the years. Return on equity has shown improvement, indicating effective utilization of equity capital.

Cash Flow

I-Net Corporation's cash flow statement reveals fluctuations in free cash flow, with a significant drop in 2025. The operating cash flow to net income ratio is strong, suggesting good cash generation relative to net income. However, the free cash flow to net income ratio has been inconsistent, indicating potential challenges in maintaining free cash flow levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	38.99B	38.99B	37.76B	34.99B	31.17B	30.02B
Gross Profit	8.26B	8.26B	8.25B	7.17B	7.15B	6.80B
EBITDA	5.66B	5.66B	5.31B	3.98B	4.46B	4.03B
Net Income	2.26B	2.26B	2.20B	1.34B	1.69B	1.49B
Balance Sheet
Total Assets	37.06B	37.06B	37.61B	32.63B	33.50B	32.06B
Cash, Cash Equivalents and Short-Term Investments	4.74B	4.74B	5.28B	2.31B	3.68B	4.03B
Total Debt	9.93B	9.93B	7.62B	8.51B	9.07B	10.08B
Total Liabilities	17.75B	17.75B	17.51B	15.05B	16.20B	15.84B
Stockholders Equity	19.31B	19.31B	20.10B	17.58B	17.30B	16.21B
Cash Flow
Free Cash Flow	0.00	-433.38M	5.03B	85.50M	1.91B	694.95M
Operating Cash Flow	0.00	2.49B	6.67B	2.24B	3.72B	3.42B
Investing Cash Flow	0.00	-2.57B	-1.79B	-2.12B	-2.19B	-2.93B
Financing Cash Flow	0.00	-458.12M	-1.90B	-1.50B	-1.87B	454.66M

I-Net Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1798.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9600, the sentiment is Neutral. The current price of 1798 is above the 20-day moving average (MA) of 1748.40, below the 50-day MA of 1829.34, and below the 200-day MA of 1806.68, indicating a neutral trend. The MACD of -14.00 indicates Negative momentum. The RSI at 55.26 is Neutral, neither overbought nor oversold. The STOCH value of 66.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9600.

I-Net Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2359	78 Outperform	31.04B	13.69	12.10%	2.53%	1.65%	-2.94%
4072	77 Outperform	38.92B	19.08	8.38%	2.22%	5.55%	18.43%
9640	76 Outperform	31.62B	20.07	10.58%	4.61%	3.32%	225.36%
9600	75 Outperform	¥27.35B	11.40	―	3.11%	6.33%	37.17%
3393	74 Outperform	27.92B	14.30	25.81%	4.05%	13.54%	15.43%
3655	73 Outperform	29.46B	27.00	―	0.59%	11.47%	17.60%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

I-Net Corporation Corporate Events

I-NET Corporation Reports Strong Q1 Financial Results with Significant Profit Growth

I-NET Corporation reported a strong financial performance for the three months ending June 30, 2025, with net sales increasing by 10% year-over-year to 9,818 million yen. The company achieved a substantial rise in operating profit by 110.9% and profit attributable to owners of the parent by 190.5%, reflecting improved operational efficiency and market conditions. The company also announced a forecasted increase in annual dividends per share, indicating confidence in sustained financial growth. The change in accounting policy regarding retirement benefit obligations at a subsidiary affected the financial results, but overall, the company maintains a stable financial position with a slight decrease in total assets.