NTT Data Intramart Corporation (3850) AI Stock Analysis

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NTT Data Intramart Corporation

(TSE/TYO:3850)

Select Model

Rating:67Neutral

Price Target:JPY 3,618.00▲(11.49% Upside)

Action:downgraded

Date:10/30/26

The company's excellent financial health, marked by strong growth, record profits, and a debt-free balance sheet, is the primary driver of the score. However, significant technical weakness, with the stock in a downtrend and oversold, heavily weighs on the overall assessment. Fair valuation provides a neutral to slightly positive influence.

Positive Factors

Re-accelerating Revenue GrowthRevenue has more than doubled since 2021 and growth re-accelerated in the latest year, indicating expanding adoption of the company’s enterprise software and services. Continued top-line momentum can support reinvestment in the platform, broaden customer reach, and strengthen operating scale over the next several quarters.

Negative Factors

Volatile Profit MarginsThe sharp movement in margins across recent years shows that stronger revenue growth has not yet translated into consistently predictable profitability. Uneven cost discipline or execution can make earnings less durable, constrain planning confidence, and limit the company’s ability to compound profits smoothly.

NTT Data Intramart Corporation (3850) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 15.79B
Dividend Yield: 1.99%
Average Volume (3M): 34.67K
Price to Earnings (P/E): 14.8
Beta (1Y): 0.67
Revenue Growth: 23.85%
EPS Growth: 56.39%
Country: Japan
Employees: 508
Sector: Technology
Sector Strength: 61
Industry: Software - Infrastructure

NTT Data Intramart Corporation Business Overview & Revenue Model

Company Description

Established in 2000 and based in Tokyo, Japan, NTT Data Intramart Corporation offers software solutions and related services worldwide. The company's flagship product, "intra-mart," is a packaged software designed for building robust web system infra...

How the Company Makes Money

NTT Data Intramart generates revenue primarily from (1) software-related income tied to its intra-mart platform and (2) services delivered around the platform. Key revenue streams typically include: (a) licensing and/or subscription fees for use of i...

NTT Data Intramart Corporation Financial Statement Overview

Summary

Strong revenue growth (17.5% YoY) and record profitability, with net income reaching ¥0.91B. Pristine debt-free balance sheet and consistent free cash flow generation support a high score, though declining gross margins warrant monitoring.

Income Statement

80Positive

Balance Sheet

95Very Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.79B	14.66B	11.83B	9.26B	7.97B	7.65B
Gross Profit	5.85B	5.51B	4.53B	3.65B	3.56B	3.28B
EBITDA	2.41B	2.52B	1.44B	1.32B	1.27B	1.51B
Net Income	1.07B	914.64M	341.31M	350.13M	399.44M	550.01M
Balance Sheet
Total Assets	11.18B	11.00B	9.30B	8.55B	7.49B	7.67B
Cash, Cash Equivalents and Short-Term Investments	3.77B	2.34B	2.52B	2.54B	3.31B	3.89B
Total Debt	0	0	0	45.43M	0	0
Total Liabilities	5.02B	5.12B	4.18B	3.63B	2.76B	3.17B
Stockholders Equity	6.16B	5.88B	5.12B	4.92B	4.73B	4.50B
Cash Flow
Free Cash Flow	0	908.28M	1.35B	777.65M	829.51M	1.14B
Operating Cash Flow	0	915.02M	1.39B	876.58M	910.61M	1.98B
Investing Cash Flow	0	-929.83M	-1.20B	-1.70B	-1.31B	-899.94M
Financing Cash Flow	0	-169.91M	-215.24M	-222.35M	-169.65M	-53.25M

NTT Data Intramart Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price3245.00

Price Trends

50DMA3736.10Negative

100DMA3438.79Negative

200DMA3221.60Positive

Market Momentum

MACD-157.68Positive

RSI35.79Neutral

STOCH59.21Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3850, the sentiment is Negative. The current price of 3245.00 is below the 20-day moving average (MA) of 3541.75, below the 50-day MA of 3736.10, and above the 200-day MA of 3221.60, indicating a neutral trend. The MACD of -157.68 indicates Positive momentum. The RSI at 35.79 is Neutral, neither overbought nor oversold. The STOCH value of 59.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3850.

NTT Data Intramart Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3850 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3915	86Outperform	JPY 27.20B	13.16	―	0.77%	19.19%	93.45%
JP:4475	83Outperform	JPY 81.23B	41.66	―	0.46%	17.01%	34.74%
JP:4686	77Outperform	JPY 301.85B	19.83	―	0.62%	5.45%	11.35%
JP:4434	71Outperform	JPY 22.95B	20.67	―	1.31%	23.79%	―
JP:3741	68Neutral	JPY 27.84B	12.05	―	2.23%	3.67%	17.00%
JP:3850	67Neutral	JPY 16.06B	14.79	―	1.99%	23.85%	56.39%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

JP:3850 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3850	NTT Data Intramart Corporation	3245.00	-762.04	-19.02%
JP:3741	Systems Engineering Consultants Co., Ltd.	2685.00	65.11	2.49%
JP:3915	TerraSky Co., Ltd.	2086.00	6.42	0.31%
JP:4434	Serverworks Co., Ltd.	3050.00	1276.38	71.96%
JP:4475	HENNGE K.K.	2378.00	1039.55	77.67%
JP:4686	Justsystems Corporation	4815.00	-345.10	-6.69%

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.

Date of analysis: Oct 30, 2026

NTT Data Intramart Corporation AI Stock Analysis