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ISB CORP (Japan)
(9702)
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Rating:75Outperform
Price Target:
¥2,665.00
▲(53.78% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by strong financial stability from a very conservative balance sheet, reinforced by bullish technicals (price above major moving averages and positive MACD). Offsetting these positives are weaker 2025 profitability and cash-flow conversion, while valuation appears fair with a reasonable dividend yield.
Positive Factors
Conservative balance sheet
Extremely low leverage and growing equity/assets materially reduce financial risk, giving management flexibility to fund projects, weather downturns, and maintain dividends. This conservatism supports durable credit profile and strategic optionality over the next 2–6 months.
Negative Factors
Profitability drop in 2025
A sharp profit and margin decline in 2025 despite revenue growth signals cost pressures or one-off charges that reduce durable return on capital. If margins remain volatile, shareholder returns and reinvestment capacity may be impaired over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and growing equity/assets materially reduce financial risk, giving management flexibility to fund projects, weather downturns, and maintain dividends. This conservatism supports durable credit profile and strategic optionality over the next 2–6 months.
Read all positive factors
ISB CORP (Japan) (9702) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥29.48B
Dividend Yield2.14%
Average Volume (3M)31.18K
Price to Earnings (P/E)17.6
Beta (1Y)0.60
Revenue Growth5.69%
EPS Growth-1.50%
CountryJP
Employees2,246
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)145.82
Shares Outstanding11,478,497
10 Day Avg. Volume22,450
30 Day Avg. Volume31,176
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.37
Price to Sales (P/S)0.54
P/FCF Ratio23.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ISB CORP (Japan) Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1970, ISB Corporation is a prominent provider of software development services. Their expertise spans various sectors, including mobile, medical, and in-vehicle applications within Japan. The company also delivers e...
How the Company Makes Money
ISB primarily makes money by delivering IT services under contracts for corporate and government customers. Key revenue streams typically include (1) custom system/software development fees for designing and building applications and business syst...
ISB CORP (Japan) Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
90
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.75B | 37.02B | 33.95B | 32.39B | 28.95B | 26.18B |
| Gross Profit | 8.56B | 8.41B | 8.24B | 7.44B | 6.60B | 5.84B |
| EBITDA | 2.93B | 2.77B | 3.05B | 3.24B | 2.81B | 2.43B |
| Net Income | 1.67B | 1.44B | 2.03B | 1.47B | 1.42B | 1.11B |
Balance Sheet | ||||||
| Total Assets | 20.81B | 21.61B | 19.98B | 18.13B | 16.46B | 14.36B |
| Cash, Cash Equivalents and Short-Term Investments | 9.04B | 9.08B | 8.98B | 8.88B | 7.63B | 6.07B |
| Total Debt | 120.00M | 120.00M | 122.72M | 123.60M | 120.07M | 121.02M |
| Total Liabilities | 5.90B | 7.09B | 6.47B | 6.31B | 5.78B | 4.80B |
| Stockholders Equity | 14.90B | 14.52B | 13.50B | 11.82B | 10.68B | 9.56B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 850.00M | 1.51B | 1.83B | 1.81B | 1.31B |
| Operating Cash Flow | 0.00 | 1.75B | 1.88B | 1.95B | 1.93B | 1.46B |
| Investing Cash Flow | 0.00 | -1.02B | -1.35B | -270.09M | -73.18M | -202.94M |
| Financing Cash Flow | 0.00 | -617.00M | -480.65M | -454.86M | -341.20M | -402.86M |
ISB CORP (Japan) Technical Analysis
Positive
1733.00
Price Trends
2312.58
Positive
2225.98
Positive
1999.15
Positive
Market Momentum
56.93
Negative
77.20
Negative
83.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9702, the sentiment is Positive. The current price of 1733 is below the 20-day moving average (MA) of 2341.20, below the 50-day MA of 2312.58, and below the 200-day MA of 1999.15, indicating a bullish trend. The MACD of 56.93 indicates Negative momentum. The RSI at 77.20 is Negative, neither overbought nor oversold. The STOCH value of 83.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9702.
ISB CORP (Japan) Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥32.25B | 12.50 | ― | 2.93% | 10.84% | 11.95% | |
75 Outperform | ¥29.48B | 17.61 | ― | 3.01% | 5.69% | -1.50% | |
74 Outperform | ¥5.51B | 10.35 | ― | 2.28% | 16.86% | -14.98% | |
71 Outperform | ¥17.97B | 9.72 | ― | 2.40% | 12.33% | 13.11% | |
60 Neutral | ¥19.70B | 24.39 | ― | 0.82% | 7.11% | 146.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9702
ISB CORP (Japan)
2,568.00
1,056.42
69.89%
JP:3648
AGS Corporation
1,051.00
-176.29
-14.36%
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-119.05
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433.27
58.49%
ISB CORP (Japan) Corporate Events
ISB to Absorb Securities-Holding Subsidiary T-stock in Group Streamlining Move
Jun 23, 2026
ISB Corporation will absorb its wholly owned subsidiary T-stock Co., Ltd. in an absorption-type merger effective October 1, 2026, with ISB as the surviving entity. The move targets consolidation of T-stock, which owns 50% of Takes Co., Ltd., into ...
ISB Corp Gains New Major Shareholder as Axium Capital Lifts Stake Above 10%
May 25, 2026
ISB Corporation has announced that Singapore-based Axium Capital Pte. Ltd. has become a major shareholder after increasing its stake to just over 10 percent of ISB’s voting rights as of May 15, 2026. The investment firm, which engages in inv...
ISB Corp Posts Higher Sales, Plans Larger Dividend and Profit Growth in 2026
May 8, 2026
ISB Corporation reported a 4.3% year-on-year increase in net sales to ¥10,128 million for the quarter ended March 31, 2026, while operating profit and profit attributable to owners of the parent were slightly lower than the previous year. The...
ISB Corp Delivers Record Q1 Sales but Flat Profit Amid Growth Investments
May 8, 2026
ISB Corporation reported that group net sales for the first quarter of the fiscal year ending December 31, 2026, reached ¥10,128 million, up 4.3% year on year, marking a record-high first quarter driven largely by solid order growth in its Se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.