I-Net Corporation (9600) AI Stock Analysis

• Market Cap: ¥25.08B
• Dividend Yield: 3.46%
• Average Volume (3M): 87.72K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 1.11
• Revenue Growth: 6.33%
• EPS Growth: 37.17%
• Country: JP
• Employees: 1,651
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 14.59
• Shares Outstanding: 15,475,524
• 10 Day Avg. Volume: 98,430
• 30 Day Avg. Volume: 87,720
• PEG Ratio: 1.80
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.74
• P/FCF Ratio: -66.49
• 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: ¥1,894.00
• Price Target Upside: 14.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ¥1,894.00 ▲(14.86% Upside)

I-Net Corporation's stock score is driven by strong financial performance and attractive valuation. However, technical indicators suggest a bearish trend, which tempers the overall score.

I-Net Corporation Business Overview & Revenue Model

Company Description

I-Net Corporation (9600) is a leading technology firm specializing in network solutions and digital services. The company operates in various sectors including telecommunications, cybersecurity, and cloud computing, providing a range of products and services designed to enhance connectivity and secure data transmission. I-Net's core offerings include network infrastructure, managed IT services, and advanced cybersecurity solutions aimed at both enterprise and consumer markets.

How the Company Makes Money

I-Net Corporation generates revenue through multiple streams, primarily by selling network hardware and software solutions, as well as providing subscription-based managed services. The company also earns income from consulting services, where it assists clients in implementing and optimizing their network and cybersecurity strategies. Significant partnerships with major technology providers enhance I-Net's product offerings and market reach, contributing to its earnings through joint ventures and collaborative projects. Additionally, I-Net benefits from ongoing maintenance contracts and support services that provide a steady revenue flow.

I-Net Corporation Financial Statement Overview

Summary

I-Net Corporation shows strong revenue growth and profitability, supported by a stable balance sheet with manageable leverage. However, fluctuations in free cash flow indicate potential areas for improvement in cash management.

Income Statement

I-Net Corporation has demonstrated consistent revenue growth, with a notable increase from ¥31.1 billion in 2020 to ¥38.9 billion in 2025. The gross profit margin remains stable, indicating efficient cost management. However, the EBIT margin has slightly decreased over the years, suggesting potential pressure on operating efficiency. The net profit margin has improved, reflecting effective cost control and profitability enhancement.

Balance Sheet

The company's balance sheet shows a healthy equity ratio, with stockholders' equity consistently covering a significant portion of total assets. The debt-to-equity ratio remains manageable, although there has been an increase in total debt over the years. Return on equity has shown improvement, indicating effective utilization of equity capital.

Cash Flow

I-Net Corporation's cash flow statement reveals fluctuations in free cash flow, with a significant drop in 2025. The operating cash flow to net income ratio is strong, suggesting good cash generation relative to net income. However, the free cash flow to net income ratio has been inconsistent, indicating potential challenges in maintaining free cash flow levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.88B	38.99B	37.76B	34.99B	31.17B	30.02B
Gross Profit	8.65B	8.26B	8.25B	7.17B	7.15B	6.80B
EBITDA	5.90B	5.66B	5.31B	3.98B	4.46B	4.03B
Net Income	2.41B	2.26B	2.20B	1.34B	1.69B	1.49B
Balance Sheet
Total Assets	36.45B	37.06B	37.61B	32.63B	33.50B	32.06B
Cash, Cash Equivalents and Short-Term Investments	4.91B	4.74B	5.28B	2.31B	3.68B	4.03B
Total Debt	8.57B	9.93B	7.62B	8.51B	9.07B	10.08B
Total Liabilities	17.12B	17.75B	17.51B	15.05B	16.20B	15.84B
Stockholders Equity	19.33B	19.31B	20.10B	17.58B	17.30B	16.21B
Cash Flow
Free Cash Flow	0.00	-433.38M	5.03B	85.50M	1.91B	694.95M
Operating Cash Flow	0.00	2.49B	6.67B	2.24B	3.72B	3.42B
Investing Cash Flow	0.00	-2.57B	-1.79B	-2.12B	-2.19B	-2.93B
Financing Cash Flow	0.00	-458.12M	-1.90B	-1.50B	-1.87B	454.66M

I-Net Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1649.00
• 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:9600, the sentiment is Negative. The current price of 1649 is below the 20-day moving average (MA) of 1713.58, below the 50-day MA of 1788.27, and below the 200-day MA of 1780.42, indicating a bearish trend. The MACD of -20.85 indicates Positive momentum. The RSI at 33.20 is Neutral, neither overbought nor oversold. The STOCH value of 11.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9600.

I-Net Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2359	78 Outperform	¥30.08B	13.27	12.10%	2.84%	1.65%	-2.94%
4072	77 Outperform	¥36.87B	18.07	8.38%	2.40%	5.55%	18.43%
9640	76 Outperform	¥30.13B	19.12	10.58%	4.83%	3.32%	225.36%
3393	74 Outperform	¥26.07B	13.35	25.81%	4.60%	13.54%	15.43%
3655	73 Outperform	¥28.81B	26.40	―	0.62%	11.47%	17.60%
9600	69 Neutral	¥25.08B	10.45	―	3.46%	6.33%	37.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

I-Net Corporation Corporate Events

I-NET Corporation Reports Strong Q1 Financial Results with Significant Profit Growth

I-NET Corporation reported a strong financial performance for the three months ending June 30, 2025, with net sales increasing by 10% year-over-year to 9,818 million yen. The company achieved a substantial rise in operating profit by 110.9% and profit attributable to owners of the parent by 190.5%, reflecting improved operational efficiency and market conditions. The company also announced a forecasted increase in annual dividends per share, indicating confidence in sustained financial growth. The change in accounting policy regarding retirement benefit obligations at a subsidiary affected the financial results, but overall, the company maintains a stable financial position with a slight decrease in total assets.