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NTT Data Intramart Corporation
(3850)
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Rating:72Outperform
Price Target:
¥4,262.00
▲(11.42% Upside)
Action:Upgraded
Date:08/11/26
The score is driven primarily by solid financial performance—especially the very conservative, near zero-debt balance sheet and improving profitability on accelerating revenue—partly offset by uneven operating cash flow and margin volatility. Technicals are supportive due to a clear uptrend, but overbought signals add near-term risk. Valuation appears reasonable with a mid-teens P/E and a modest dividend yield.
Positive Factors
Re-accelerating Revenue Growth
The multi-year expansion in revenue, combined with renewed growth in 2026, indicates increasing adoption of the company’s enterprise software and related services. Sustained top-line growth can broaden its customer base, support platform investment, and strengthen operating leverage over the next several quarters.
Negative Factors
Margin Volatility
The sharp year-to-year movement in profitability shows that earnings margins are not yet consistently durable. Even with the 2026 rebound, recurring swings can make future profit levels harder to forecast and may limit the extent to which revenue growth converts into predictable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating Revenue Growth
The multi-year expansion in revenue, combined with renewed growth in 2026, indicates increasing adoption of the company’s enterprise software and related services. Sustained top-line growth can broaden its customer base, support platform investment, and strengthen operating leverage over the next several quarters.
Read all positive factors
NTT Data Intramart Corporation (3850) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥18.53B
Dividend Yield1.73%
Average Volume (3M)40.50K
Price to Earnings (P/E)17.4
Beta (1Y)0.63
Revenue Growth21.28%
EPS Growth73.53%
CountryJP
Employees508
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)207.82
Shares Outstanding4,955,000
10 Day Avg. Volume51,580
30 Day Avg. Volume40,500
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.39
Price to Sales (P/S)0.96
P/FCF Ratio15.48
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)215.6
Revenue Forecast (FY)¥15.00B
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 in...
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 o...
NTT Data Intramart Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.12B | 14.66B | 11.83B | 9.26B | 7.97B | 7.65B |
| Gross Profit | 5.68B | 5.51B | 4.53B | 3.65B | 3.56B | 3.28B |
| EBITDA | 2.60B | 2.52B | 1.44B | 1.32B | 1.27B | 1.51B |
| Net Income | 1.01B | 914.64M | 341.31M | 350.13M | 399.44M | 550.01M |
Balance Sheet | ||||||
| Total Assets | 11.07B | 11.00B | 9.30B | 8.55B | 7.49B | 7.67B |
| Cash, Cash Equivalents and Short-Term Investments | 4.52B | 2.34B | 2.52B | 2.54B | 3.31B | 3.89B |
| Total Debt | 0.00 | 0.00 | 0.00 | 45.43M | 0.00 | 0.00 |
| Total Liabilities | 5.21B | 5.12B | 4.18B | 3.63B | 2.76B | 3.17B |
| Stockholders Equity | 5.86B | 5.88B | 5.12B | 4.92B | 4.73B | 4.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 908.28M | 1.35B | 777.65M | 829.51M | 1.14B |
| Operating Cash Flow | 0.00 | 915.02M | 1.39B | 876.58M | 910.61M | 1.98B |
| Investing Cash Flow | 0.00 | -929.83M | -1.20B | -1.70B | -1.31B | -899.94M |
| Financing Cash Flow | 0.00 | -169.91M | -215.24M | -222.35M | -169.65M | -53.25M |
NTT Data Intramart Corporation Technical Analysis
Positive
3825.00
Price Trends
3249.28
Positive
2990.73
Positive
3243.98
Positive
Market Momentum
175.28
Negative
77.73
Negative
89.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3850, the sentiment is Positive. The current price of 3825 is above the 20-day moving average (MA) of 3498.50, above the 50-day MA of 3249.28, and above the 200-day MA of 3243.98, indicating a bullish trend. The MACD of 175.28 indicates Negative momentum. The RSI at 77.73 is Negative, neither overbought nor oversold. The STOCH value of 89.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3850.
NTT Data Intramart Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥266.85B | 17.61 | ― | 0.72% | 10.37% | 17.89% | |
82 Outperform | ¥50.99B | 30.19 | ― | 0.36% | 19.17% | 46.29% | |
79 Outperform | ¥35.21B | 20.29 | ― | 1.93% | 12.25% | 25.81% | |
72 Outperform | ¥18.53B | 17.44 | ― | 2.02% | 21.28% | 73.53% | |
67 Neutral | ¥30.61B | 17.47 | ― | 0.74% | 15.26% | 62.04% | |
63 Neutral | ¥19.39B | -48.81 | ― | 1.25% | 17.69% | -175.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3850
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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.