I-ne CO., LTD. (4933) AI Stock Analysis

• Market Cap: ¥26.46B
• Dividend Yield: 0.87%
• Average Volume (3M): 94.14K
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.78
• Revenue Growth: 10.79%
• EPS Growth: 21.35%
• Country: JP
• Employees: 434
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 31.44
• Shares Outstanding: 17,784,270
• 10 Day Avg. Volume: 94,050
• 30 Day Avg. Volume: 94,143
• 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: ¥1,753.00
• Price Target Upside: 17.81% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ¥1,753.00 ▲(17.81% Upside)

The overall stock score of 67 reflects strong revenue growth and reasonable valuation, offset by financial risks such as increased leverage and negative cash flow. Technical indicators show a bearish trend, further impacting the score.

I-ne CO., LTD. Business Overview & Revenue Model

Company Description

I-ne CO., LTD. engages in the planning, development, operation, manufacturing, and sale of cosmetics, beauty appliances, and other beauty-related products in Japan. It offers a range of products for haircare, skin care, beauty devices, pre-makeup, night haircare, gray hair dye, pre-skincare, and eye makeup products under BOTANIST, SALONIA, DROAS, Yolu, Tearal, Aquall, awairo, mythm, WrinkFade, curuput, Salanaru, and CAROME brand names. The company is also involved in the planning, administration, and management of retail shops; planning, development, and sale of daily necessities and healthcare-related products; and e-commerce business. I-ne CO., LTD. was incorporated in 2007 and is headquartered in Osaka, Japan.

How the Company Makes Money

I-ne Co., Ltd. generates revenue primarily through the sale of its beauty and personal care products. The company's key revenue streams include direct sales through its own e-commerce platforms and physical retail outlets, as well as distribution through third-party retailers and online marketplaces. Strategic partnerships with other brands and collaborations with influencers and celebrities also play a significant role in boosting visibility and driving sales. Additionally, I-ne Co., Ltd. invests in marketing and promotional activities to enhance brand recognition and expand its market reach, contributing to its overall earnings.

I-ne CO., LTD. Financial Statement Overview

Summary

I-ne CO., LTD. shows strong revenue growth and efficient cost management with a gross profit margin of 53.4%. However, the decline in net profit margin to 6.5% and increased leverage with a higher debt-to-equity ratio indicate financial risks. Negative free cash flow and liquidity concerns further impact the financial performance score.

Income Statement

I-ne CO., LTD. has demonstrated strong revenue growth with a notable increase from 41.64 billion JPY in 2023 to 45.01 billion JPY in 2024, reflecting a growth rate of 8.6%. The gross profit margin stands at 53.4%, indicating efficient cost management. However, the net profit margin decreased to 6.5%, down from 9.5% in the previous year, highlighting a need for improved profitability management.

Balance Sheet

The company's balance sheet shows a healthy equity ratio of 47.1% in 2024, down from 62.6% in 2023, suggesting increased leverage. The debt-to-equity ratio rose significantly to 0.61 from 0.004, indicating higher financial risk. Return on equity fell to 17.8% from 27.6%, impacted by the decline in net income.

Cash Flow

Cash flow analysis reveals challenges with free cash flow turning negative to -332 million JPY in 2024 from a positive 903 million JPY in 2023. The operating cash flow to net income ratio is low at 0.01, suggesting difficulties in converting profits into cash. The free cash flow to net income ratio reflects a negative trend, highlighting potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	47.04B	45.01B	41.64B	35.27B	28.31B	23.28B
Gross Profit	25.45B	24.05B	22.24B	18.30B	15.05B	11.12B
EBITDA	5.40B	4.86B	7.07B	3.70B	2.54B	1.54B
Net Income	2.88B	2.94B	3.95B	1.93B	1.24B	905.00M
Balance Sheet
Total Assets	36.42B	35.12B	22.91B	16.49B	14.06B	13.16B
Cash, Cash Equivalents and Short-Term Investments	8.39B	8.39B	8.99B	5.48B	6.80B	7.27B
Total Debt	10.01B	10.02B	59.00M	194.00M	853.00M	2.00B
Total Liabilities	18.42B	18.58B	8.58B	6.16B	5.65B	6.23B
Stockholders Equity	16.76B	16.54B	14.33B	10.33B	8.41B	6.93B
Cash Flow
Free Cash Flow	0.00	-332.00M	903.00M	-742.00M	482.00M	2.57B
Operating Cash Flow	0.00	38.00M	1.24B	1.24B	573.00M	2.74B
Investing Cash Flow	0.00	-10.36B	2.48B	-1.97B	-118.00M	-41.00M
Financing Cash Flow	0.00	9.23B	-156.00M	-666.00M	-739.00M	2.21B

I-ne CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1488.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4933, the sentiment is Negative. The current price of 1488 is below the 20-day moving average (MA) of 1571.50, below the 50-day MA of 1606.76, and below the 200-day MA of 1714.72, indicating a bearish trend. The MACD of -26.87 indicates Positive momentum. The RSI at 40.03 is Neutral, neither overbought nor oversold. The STOCH value of 12.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4933.

I-ne CO., LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4932	80 Outperform	11.73B	23.23	34.71%	5.60%	27.84%	51.43%
4923	73 Outperform	41.93B	29.30	―	1.40%	6.10%	13.84%
4933	67 Neutral	¥26.46B	10.08	―	0.87%	10.79%	21.35%
4925	63 Neutral	6.80B	10.54	6.46%	2.22%	-3.27%	―
4934	56 Neutral	6.99B	14.83	―	―	-20.62%	―
4926	45 Neutral	5.18B	20.47	―	1.65%	7.21%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

I-ne CO., LTD. Corporate Events

I-ne Co., Ltd. Enhances Shareholder Benefits Program

I-ne Co., Ltd. announced an enhancement to its shareholder benefits program to express gratitude to shareholders and increase the attractiveness of its stock. The revised program, effective December 31, 2025, offers increased points for shareholders holding 500 shares or more, aiming to encourage long-term investment and deepen engagement with the company’s products.

I-ne CO., LTD. Reports Strong H1 2025 Results and Strategic Initiatives

I-ne CO., LTD. reported strong financial results for the first half of 2025, with a notable increase in net sales driven by significant growth in the skincare category and online sales. The company plans to launch 81 new products in the second half of the year and has established a new R&D organization to enhance its market position, while also expanding its shareholder benefits program.

I-ne Co., Ltd. Finalizes Stock Option Issuance Details

I-ne Co., Ltd. has finalized the issuance details of performance target-linked paid-in stock options for its directors and employees, as resolved in a recent board meeting. This move involves the allocation of 2,400 stock acquisition rights, translating to 240,000 common shares, aimed at aligning the interests of the company’s leadership and workforce with its performance goals.

I-ne Co., Ltd. Waives Claims Against Shanghai Subsidiary Amid Liquidation

I-ne Co., Ltd. has decided to waive claims against its subsidiary, I-ne Cosmetics Shanghai Co., Ltd., as part of its liquidation process. This decision will not significantly impact the company’s financial results as the loss has already been accounted for in previous financial statements, ensuring stability in its consolidated business performance.

I-ne Co., Ltd. Issues Performance-Linked Stock Options to Drive Growth

I-ne Co., Ltd. announced the issuance of performance target-linked stock options to its directors and employees, aiming to align their interests with shareholders and motivate them towards achieving the company’s growth targets. The stock options are tied to ambitious sales and EBITDA targets set for 2028, with the goal of enhancing corporate and shareholder value while minimizing share dilution.

I-ne Co., Ltd. Exceeds Q1 Profit Expectations Due to Timing Differences

I-ne Co., Ltd. reported that its operating profit for the first quarter of fiscal year 2025 exceeded expectations due to timing differences. The primary contributors were an initial sell-in of renewed ‘YOLU’ products, deferred advertising expenses, and pending PPA valuation of Tout Vert Co., Ltd. Despite these changes, the company maintains its half-year and full-year forecasts, indicating stable financial expectations.