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Insource Co.,Ltd.
(6200)
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Rating:77Outperform
Price Target:
¥766.00
▼(-11.65% Downside)
Action:Reiterated
Date:09/26/26
The score is driven primarily by exceptional financial fundamentals (high and improving margins, strong ROE, and a debt-free balance sheet). This is partially offset by weak technical momentum (price below key moving averages with negative MACD and low RSI). Valuation is a supportive positive with a moderate P/E and a solid dividend yield.
Positive Factors
Exceptional and improving profitability
The sharp expansion in net and operating margins indicates strong earnings quality and operating efficiency. Sustained profitability gives Insource more internal resources to invest in training content, digital services, and organizational growth while supporting resilience over the next several quarters.
Negative Factors
Maturing revenue growth profile
The slowdown in revenue growth suggests Insource is entering a more mature phase, with expansion becoming less rapid than earlier in the cycle. Even with excellent margins, slower top-line growth can limit operating leverage, reduce reinvestment opportunities, and constrain future earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional and improving profitability
The sharp expansion in net and operating margins indicates strong earnings quality and operating efficiency. Sustained profitability gives Insource more internal resources to invest in training content, digital services, and organizational growth while supporting resilience over the next several quarters.
Read all positive factors
Insource Co.,Ltd. (6200) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥53.55B
Dividend Yield5.3%
Average Volume (3M)404.43K
Price to Earnings (P/E)12.9
Beta (1Y)0.75
Revenue Growth10.90%
EPS Growth12.65%
CountryJP
Employees550
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)51.33
Shares Outstanding81,543,700
10 Day Avg. Volume491,720
30 Day Avg. Volume404,433
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)6.47
Price to Sales (P/S)5.57
P/FCF Ratio18.71
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)60.61
Revenue Forecast (FY)¥17.76B
Insource Co.,Ltd. Business Overview & Revenue Model
Company Description
Insource Co., Ltd., a company founded in 2002 and headquartered in Tokyo, Japan, delivers a comprehensive array of training and business services throughout the country. Its core offerings include customized, instructor-led on-site training sessio...
How the Company Makes Money
Insource primarily generates revenue by selling professional training and development services to corporate and public-sector clients. Key revenue streams include: (1) Instructor-led training and workshops, where the company earns fees for designi...
Insource Co.,Ltd. Financial Statement Overview
Summary
Income Statement
93
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.46B | 14.51B | 12.47B | 10.78B | 9.42B | 7.50B |
| Gross Profit | 11.83B | 11.16B | 9.61B | 8.24B | 7.21B | 5.72B |
| EBITDA | 6.34B | 6.08B | 4.97B | 4.10B | 3.47B | 2.48B |
| Net Income | 4.31B | 4.13B | 3.36B | 2.68B | 2.23B | 1.57B |
Balance Sheet | ||||||
| Total Assets | 16.61B | 16.17B | 13.19B | 10.81B | 8.73B | 6.77B |
| Cash, Cash Equivalents and Short-Term Investments | 8.22B | 8.19B | 5.71B | 3.52B | 3.83B | 2.62B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 4.00M | 6.00M |
| Total Liabilities | 3.10B | 3.68B | 3.25B | 2.88B | 2.60B | 2.27B |
| Stockholders Equity | 13.51B | 12.49B | 9.94B | 7.93B | 6.13B | 4.50B |
Cash Flow | ||||||
| Free Cash Flow | 4.32B | 4.32B | 3.72B | 1.33B | 1.85B | 816.24M |
| Operating Cash Flow | 4.40B | 4.40B | 4.03B | 2.90B | 2.54B | 2.36B |
| Investing Cash Flow | -231.10M | -231.10M | -447.59M | -2.30B | -687.15M | -1.54B |
| Financing Cash Flow | -1.68B | -1.68B | -1.39B | -909.95M | -655.07M | -408.17M |
Insource Co.,Ltd. Technical Analysis
Negative
867.00
Price Trends
682.25
Negative
632.19
Positive
674.13
Negative
Market Momentum
-4.57
Positive
43.97
Neutral
0.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6200, the sentiment is Negative. The current price of 867 is above the 20-day moving average (MA) of 679.33, above the 50-day MA of 682.25, and above the 200-day MA of 674.13, indicating a bearish trend. The MACD of -4.57 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 0.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6200.
Insource Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥11.35B | 13.27 | ― | 2.43% | 21.04% | 1.74% | |
79 Outperform | ¥3.52B | 35.46 | ― | 1.34% | -1.08% | 108.06% | |
77 Outperform | ¥53.55B | 12.86 | ― | 5.30% | 10.90% | 12.65% | |
76 Outperform | ¥1.97B | 11.23 | ― | 2.55% | -2.92% | -20.86% | |
70 Outperform | ¥16.34B | 7.10 | ― | 4.34% | 1.87% | -14.94% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
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Insource Co.,Ltd. Corporate Events
Insource trims FY25 earnings forecast on weaker large-enterprise demand
Sep 24, 2026
Insource Co., Ltd., a Japanese corporate training and HR development service provider, generates most of its revenue from on-site training, open seminars, level-specific education, and DX-related offerings, particularly targeting growth businesses...
Insource Restructures Sales Organization and Shifts Executives to Strengthen Tokyo Operations
Sep 14, 2026
Insource Co., Ltd. has announced organizational changes that dissolve the existing Sales Department #5, after its generative AI-driven, wide-area and new client initiatives were successfully embedded across the broader Sales Division. As part of a...
Insource Completes ¥2 Billion Share Buyback and Announces Cancellation of 4.3% of Shares
Aug 7, 2026
Insource Co., Ltd. has completed a share buyback program authorized by its board, acquiring a total of 2,699,300 common shares for approximately 2.0 billion yen via market purchases on the Tokyo Stock Exchange. The latest tranche, executed between...
Insource Corrects Treasury Share Buyback Limit to ¥2 Billion
Aug 4, 2026
Insource Co., Ltd. has corrected an error in a previously disclosed notice regarding its acquisition of treasury shares, clarifying the maximum aggregate acquisition cost approved by its board of directors. The figure, initially stated as up to 20...
Insource Reshapes IT Leadership as Executive Officer Resigns
Aug 3, 2026
Insource Co., Ltd. has announced personnel changes within its IT Service Division, appointing Executive Officer Shun Tanaka as General Manager of the IT Service Division with expanded responsibilities, including oversight of the Data Strategy Depa...
Insource Posts Higher 3Q Earnings and Lifts Dividend Forecast After Auditor Review
Aug 3, 2026
Insource Co., Ltd., a Tokyo-listed provider of corporate training and related services, reported a solid financial position for the nine months ended June 30, 2026, with total assets of ¥16,606 million and an equity-to-asset ratio of 81.3%. T...
Insource accelerates share buybacks with ¥1.49 billion treasury purchase
Aug 3, 2026
Insource Co., Ltd., a Tokyo Stock Exchange Prime Market-listed provider of corporate services and training solutions, continues to strengthen its capital policy through active use of treasury share operations. The company’s focus on share re...
Insource Clarifies Treasury Share Policy to Support Capital Efficiency and Shareholder Returns
Jul 21, 2026
Insource Co., Ltd., a Tokyo Stock Exchange Prime Market-listed company, has clarified its approach to treasury share management as part of its ongoing capital strategy. The firm positions the acquisition and cancellation of treasury shares as tool...
Insource Posts Steady Profit Growth and Lifts Dividend Forecast for FY25
Jul 21, 2026
Insource Co., Ltd. reported consolidated net sales of ¥11,582 million for the nine months to June 30, 2026, up 8.9% year-on-year, with operating profit rising 3.7% to ¥4,448 million and profit attributable to owners of parent increasing ...
Insource to Boost FY25 Dividend with 10th-Anniversary Commemorative Payout
Jul 21, 2026
Insource Co., Ltd., a Prime Market-listed company on the Tokyo Stock Exchange, follows a defined shareholder return policy that targets a 50% dividend payout ratio and an 18% dividend on equity ratio. The firm emphasizes capital efficiency while d...
Insource Launches Share Buyback and Cancellation to Boost Capital Efficiency
Jul 21, 2026
Insource Co., Ltd. has approved a new share buyback and cancellation program designed to optimize its capital structure and enhance shareholder returns. The move reflects management’s focus on capital efficiency and maintaining a framework f...
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.