View Past PerformanceINES バランスシートの健全性財務の健全性 基準チェック /46INESの総株主資本は¥37.0B 、総負債は¥3.7Bで、負債比率は10.1%となります。総資産と総負債はそれぞれ¥49.4Bと¥12.4Bです。主要情報10.14%負債資本比率JP¥3.75b負債インタレスト・カバレッジ・レシオn/a現金JP¥8.59bエクイティJP¥36.97b負債合計JP¥12.40b総資産JP¥49.36b財務の健全性に関する最新情報分析記事 • Aug 02INES (TSE:9742) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesNew Risk • May 08New major risk - Revenue and earnings growthEarnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Earnings have declined by 8.6% per year over the past 5 years.Reported Earnings • May 08Full year 2026 earnings released: JP¥88.56 loss per share (vs JP¥117 profit in FY 2025)Full year 2026 results: JP¥88.56 loss per share (down from JP¥117 profit in FY 2025). Revenue: JP¥36.6b (down 9.7% from FY 2025). Net loss: JP¥1.84b (down 176% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • May 08INES Corporation to Report Fiscal Year 2026 Results on May 07, 2026INES Corporation announced that they will report fiscal year 2026 results on May 07, 2026お知らせ • May 07INES Corporation, Annual General Meeting, Jun 23, 2026INES Corporation, Annual General Meeting, Jun 23, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).New Risk • Feb 03New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin).New Risk • Jan 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Profit margins are more than 30% lower than last year (2.6% net profit margin).Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥6.53 (vs JP¥22.16 in 3Q 2025)Third quarter 2026 results: EPS: JP¥6.53 (down from JP¥22.16 in 3Q 2025). Revenue: JP¥8.73b (down 8.3% from 3Q 2025). Net income: JP¥136.0m (down 71% from 3Q 2025). Profit margin: 1.6% (down from 4.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.分析記事 • Dec 24INES (TSE:9742) Has Announced A Dividend Of ¥30.00INES Corporation's ( TSE:9742 ) investors are due to receive a payment of ¥30.00 per share on 26th of June. This makes...お知らせ • Dec 24INES Corporation to Report Q3, 2026 Results on Jan 30, 2026INES Corporation announced that they will report Q3, 2026 results on Jan 30, 2026分析記事 • Dec 06INES (TSE:9742) Has Affirmed Its Dividend Of ¥30.00INES Corporation ( TSE:9742 ) has announced that it will pay a dividend of ¥30.00 per share on the 26th of June. This...Declared Dividend • Dec 06First half dividend of JP¥30.00 announcedDividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥0.82 (vs JP¥39.04 in 2Q 2025)Second quarter 2026 results: EPS: JP¥0.82 (down from JP¥39.04 in 2Q 2025). Revenue: JP¥8.77b (down 14% from 2Q 2025). Net income: JP¥17.0m (down 98% from 2Q 2025). Profit margin: 0.2% (down from 8.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.New Risk • Oct 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change).Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,672, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 26% over the past three years.お知らせ • Oct 28INES Corporation, Annual General Meeting, Oct 28, 2025INES Corporation, Annual General Meeting, Oct 28, 2025. Agenda: To consider paying dividends of surplus (interim dividends) with a record date of September 30, 2025; and revise the year-end dividend forecast for the fiscal year ending March 31, 2026.Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).分析記事 • Sep 17INES' (TSE:9742) Dividend Will Be ¥25.00The board of INES Corporation ( TSE:9742 ) has announced that it will pay a dividend on the 5th of December, with...お知らせ • Sep 17INES Corporation to Report Q2, 2026 Results on Oct 28, 2025INES Corporation announced that they will report Q2, 2026 results on Oct 28, 2025分析記事 • Aug 04INES (TSE:9742) Has Affirmed Its Dividend Of ¥25.00INES Corporation ( TSE:9742 ) will pay a dividend of ¥25.00 on the 5th of December. Based on this payment, the dividend...Reported Earnings • Aug 02First quarter 2026 earnings released: JP¥29.70 loss per share (vs JP¥13.22 loss in 1Q 2025)First quarter 2026 results: JP¥29.70 loss per share (further deteriorated from JP¥13.22 loss in 1Q 2025). Revenue: JP¥7.71b (down 8.6% from 1Q 2025). Net loss: JP¥618.0m (loss widened 125% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.Declared Dividend • Jul 21Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 26INES Corporation to Report Q1, 2026 Results on Jul 31, 2025INES Corporation announced that they will report Q1, 2026 results on Jul 31, 2025Reported Earnings • May 01Full year 2025 earnings released: EPS: JP¥117 (vs JP¥86.29 in FY 2024)Full year 2025 results: EPS: JP¥117 (up from JP¥86.29 in FY 2024). Revenue: JP¥40.6b (flat on FY 2024). Net income: JP¥2.44b (up 36% from FY 2024). Profit margin: 6.0% (up from 4.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Apr 30INES Corporation, Annual General Meeting, Jun 25, 2025INES Corporation, Annual General Meeting, Jun 25, 2025.分析記事 • Apr 07Market Cool On INES Corporation's (TSE:9742) Earnings Pushing Shares 27% LowerThe INES Corporation ( TSE:9742 ) share price has fared very poorly over the last month, falling by a substantial 27...New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 36x cash flows per share). Share price has been volatile over the past 3 months (5.9% average weekly change).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,550, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 9.7% over the past three years.分析記事 • Mar 26INES (TSE:9742) Is Increasing Its Dividend To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...お知らせ • Mar 26INES Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025INES Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).New Risk • Feb 01New major risk - Revenue and earnings growthEarnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.分析記事 • Jan 03INES (TSE:9742) Is Increasing Its Dividend To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...お知らせ • Jan 03INES Corporation to Report Q3, 2025 Results on Jan 31, 2025INES Corporation announced that they will report Q3, 2025 results on Jan 31, 2025分析記事 • Dec 06INES' (TSE:9742) Dividend Will Be Increased To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...Declared Dividend • Dec 06First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥39.04 (vs JP¥4.62 in 2Q 2024)Second quarter 2025 results: EPS: JP¥39.04 (up from JP¥4.62 in 2Q 2024). Revenue: JP¥10.2b (up 5.6% from 2Q 2024). Net income: JP¥812.0m (up JP¥716.0m from 2Q 2024). Profit margin: 8.0% (up from 1.0% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 21INES Corporation to Report Q2, 2025 Results on Oct 31, 2024INES Corporation announced that they will report Q2, 2025 results on Oct 31, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,459, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years.分析記事 • Aug 02INES (TSE:9742) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Aug 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (2.9% net profit margin).Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥13.22 loss per share (vs JP¥18.13 profit in 1Q 2024)First quarter 2025 results: JP¥13.22 loss per share (down from JP¥18.13 profit in 1Q 2024). Revenue: JP¥8.44b (down 15% from 1Q 2024). Net loss: JP¥275.0m (down 173% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 19Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Jun 15INES Corporation to Report Q1, 2025 Results on Jul 31, 2024INES Corporation announced that they will report Q1, 2025 results on Jul 31, 2024分析記事 • May 07INES' (TSE:9742) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market rallied behind INES Corporation's ( TSE:9742 ) stock, leading do a rise in the share price after its recent...Reported Earnings • May 01Full year 2024 earnings released: EPS: JP¥86.29 (vs JP¥122 in FY 2023)Full year 2024 results: EPS: JP¥86.29 (down from JP¥122 in FY 2023). Revenue: JP¥40.6b (down 4.4% from FY 2023). Net income: JP¥1.80b (down 29% from FY 2023). Profit margin: 4.4% (down from 6.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).お知らせ • Mar 02INES Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024INES Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥11.34 (vs JP¥16.50 in 3Q 2023)Third quarter 2024 results: EPS: JP¥11.34 (down from JP¥16.50 in 3Q 2023). Revenue: JP¥9.39b (down 6.1% from 3Q 2023). Net income: JP¥236.0m (down 31% from 3Q 2023). Profit margin: 2.5% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 30INES Corporation to Report Q3, 2024 Results on Jan 30, 2024INES Corporation announced that they will report Q3, 2024 results on Jan 30, 2024Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥4.62 (vs JP¥26.35 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.62 (down from JP¥26.35 in 2Q 2023). Revenue: JP¥9.66b (down 6.7% from 2Q 2023). Net income: JP¥96.0m (down 83% from 2Q 2023). Profit margin: 1.0% (down from 5.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥20.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).お知らせ • Aug 31INES Corporation to Report Q2, 2024 Results on Oct 30, 2023INES Corporation announced that they will report Q2, 2024 results on Oct 30, 2023Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: JP¥18.13 (vs JP¥21.31 in 1Q 2023)First quarter 2024 results: EPS: JP¥18.13 (down from JP¥21.31 in 1Q 2023). Revenue: JP¥9.96b (up 3.3% from 1Q 2023). Net income: JP¥377.0m (down 15% from 1Q 2023). Profit margin: 3.8% (down from 4.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Board Change • Jul 25High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Managing Executive Officer & Director Kazuhiro Fukuyama was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 02INES Corporation to Report Q1, 2024 Results on Jul 28, 2023INES Corporation announced that they will report Q1, 2024 results on Jul 28, 2023Reported Earnings • Apr 29Full year 2023 earnings released: EPS: JP¥122 (vs JP¥57.21 in FY 2022)Full year 2023 results: EPS: JP¥122 (up from JP¥57.21 in FY 2022). Revenue: JP¥42.4b (up 5.9% from FY 2022). Net income: JP¥2.54b (up 96% from FY 2022). Profit margin: 6.0% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Reported Earnings • Jan 28Third quarter 2023 earnings released: EPS: JP¥16.49 (vs JP¥14.50 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.49 (up from JP¥14.50 in 3Q 2022). Revenue: JP¥10.0b (up 4.4% from 3Q 2022). Net income: JP¥343.0m (up 5.9% from 3Q 2022). Profit margin: 3.4% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Nov 27INES Corporation to Report Q3, 2023 Results on Jan 27, 2023INES Corporation announced that they will report Q3, 2023 results on Jan 27, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥26.35 (vs JP¥24.34 in 2Q 2022)Second quarter 2023 results: EPS: JP¥26.35. Revenue: JP¥10.4b (down 1.3% from 2Q 2022). Net income: JP¥548.0m (down 4.0% from 2Q 2022). Profit margin: 5.3% (down from 5.4% in 2Q 2022). The decrease in margin was driven by lower revenue.Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Kyota Omori is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥26.35 (vs JP¥24.34 in 2Q 2022)Second quarter 2023 results: EPS: JP¥26.35. Revenue: JP¥10.4b (down 1.3% from 2Q 2022). Net income: JP¥548.0m (down 4.0% from 2Q 2022). Profit margin: 5.3% (down from 5.4% in 2Q 2022). The decrease in margin was driven by lower revenue.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Aug 31INES Corporation to Report Q2, 2023 Results on Oct 31, 2022INES Corporation announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥21.31 (vs JP¥2.98 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥21.31 (up from JP¥2.98 loss in 1Q 2022). Revenue: JP¥9.64b (up 14% from 1Q 2022). Net income: JP¥443.0m (up JP¥514.0m from 1Q 2022). Profit margin: 4.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • May 29INES Corporation to Report Q1, 2023 Results on Jul 29, 2022INES Corporation announced that they will report Q1, 2023 results on Jul 29, 2022お知らせ • May 02INES Corporation, Annual General Meeting, Jun 24, 2022INES Corporation, Annual General Meeting, Jun 24, 2022.Reported Earnings • Apr 30Full year 2022 earnings released: EPS: JP¥57.21 (vs JP¥60.15 in FY 2021)Full year 2022 results: EPS: JP¥57.21 (down from JP¥60.15 in FY 2021). Revenue: JP¥40.0b (down 3.7% from FY 2021). Net income: JP¥1.30b (down 9.2% from FY 2021). Profit margin: 3.2% (down from 3.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Tadahiko Fukuhara is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 08INES Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022INES Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022Board Change • Mar 23High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Tadahiko Fukuhara is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥14.50 (down from JP¥15.92 in 3Q 2021). Revenue: JP¥9.58b (up 7.2% from 3Q 2021). Net income: JP¥324.0m (down 14% from 3Q 2021). Profit margin: 3.4% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Dec 23INES Corporation (TSE:9742) announces an Equity Buyback for 1,500,000 shares, representing 6.28% for ¥2,000 million.INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 6.28% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of the repurchase program is to implement capital policies to improve capital efficiency and enhance shareholder returns. The share repurchase program is valid until March 31, 2022. As of November 30, 2021, the company has 23,900,000 shares outstanding excluding treasury shares and had 1,716,623 shares in treasury.Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥24.34 (vs JP¥6.09 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥10.5b (flat on 2Q 2021). Net income: JP¥571.0m (up 294% from 2Q 2021). Profit margin: 5.4% (up from 1.4% in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 02First quarter 2022 earnings released: JP¥2.98 loss per share (vs JP¥6.93 profit in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥8.44b (down 8.7% from 1Q 2021). Net loss: JP¥71.0m (down 143% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • May 03Full year 2021 earnings released: EPS JP¥60.15 (vs JP¥86.71 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥41.6b (down 1.7% from FY 2020). Net income: JP¥1.43b (down 31% from FY 2020). Profit margin: 3.4% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).お知らせ • Mar 04INES Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021INES Corporation announced that they will report fiscal year 2021 results on Apr 30, 2021Is New 90 Day High Low • Feb 24New 90-day low: JP¥1,356The company is down 7.0% from its price of JP¥1,464 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period.Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥15.92 (vs JP¥148 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.93b (down 9.7% from 3Q 2020). Net income: JP¥379.0m (down 89% from 3Q 2020). Profit margin: 4.2% (down from 36% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Dec 28New 90-day low: JP¥1,361The company is down 19% from its price of JP¥1,683 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period.お知らせ • Dec 03INES Corporation to Report Q3, 2021 Results on Jan 28, 2021INES Corporation announced that they will report Q3, 2021 results on Jan 28, 2021お知らせ • Oct 02Mitsubishi Research Institute, Inc. (TSE:3636) cancelled the acquisition of additional 6.6% in INES Corporation (TSE:9742).Mitsubishi Research Institute, Inc. (TSE:3636) signed an agreement to acquire additional 6.6% in INES Corporation (TSE:9742) on September 27, 2019. As per terms, additional 1562 shares have been acquired. Mitsubishi Research Institute, Inc. now holds 17.1% in INES Corporation. The deal is expected to close on October 1, 2019. Mitsubishi Research Institute, Inc. (TSE:3636) cancelled the acquisition of additional 6.6% in INES Corporation (TSE:9742) on September 27, 2020.お知らせ • Sep 03INES Corporation to Report Q2, 2021 Results on Oct 30, 2020INES Corporation announced that they will report Q2, 2021 results on Oct 30, 2020お知らせ • Jul 05INES Corporation to Report Q1, 2021 Results on Jul 31, 2020INES Corporation announced that they will report Q1, 2021 results on Jul 31, 2020財務状況分析短期負債: 9742の 短期資産 ( ¥22.2B ) が 短期負債 ( ¥6.9B ) を超えています。長期負債: 9742の短期資産 ( ¥22.2B ) が 長期負債 ( ¥5.5B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 9742総負債よりも多くの現金を保有しています。負債の削減: 9742の負債対資本比率は、過去 5 年間で0%から10.1%に増加しました。債務返済能力: 9742の負債は 営業キャッシュフロー によって 十分にカバー されています ( 92.8% )。インタレストカバレッジ: 9742の負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 19:32終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋INES Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Makoto UenoDaiwa Securities Co. Ltd.Yusuke HoriMizuho Securities Co., Ltd.Chikai TanakaNomura Securities Co. Ltd.
分析記事 • Aug 02INES (TSE:9742) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • May 08New major risk - Revenue and earnings growthEarnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Earnings have declined by 8.6% per year over the past 5 years.
Reported Earnings • May 08Full year 2026 earnings released: JP¥88.56 loss per share (vs JP¥117 profit in FY 2025)Full year 2026 results: JP¥88.56 loss per share (down from JP¥117 profit in FY 2025). Revenue: JP¥36.6b (down 9.7% from FY 2025). Net loss: JP¥1.84b (down 176% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • May 08INES Corporation to Report Fiscal Year 2026 Results on May 07, 2026INES Corporation announced that they will report fiscal year 2026 results on May 07, 2026
お知らせ • May 07INES Corporation, Annual General Meeting, Jun 23, 2026INES Corporation, Annual General Meeting, Jun 23, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
New Risk • Feb 03New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 105% Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin).
New Risk • Jan 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.6% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Profit margins are more than 30% lower than last year (2.6% net profit margin).
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥6.53 (vs JP¥22.16 in 3Q 2025)Third quarter 2026 results: EPS: JP¥6.53 (down from JP¥22.16 in 3Q 2025). Revenue: JP¥8.73b (down 8.3% from 3Q 2025). Net income: JP¥136.0m (down 71% from 3Q 2025). Profit margin: 1.6% (down from 4.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
分析記事 • Dec 24INES (TSE:9742) Has Announced A Dividend Of ¥30.00INES Corporation's ( TSE:9742 ) investors are due to receive a payment of ¥30.00 per share on 26th of June. This makes...
お知らせ • Dec 24INES Corporation to Report Q3, 2026 Results on Jan 30, 2026INES Corporation announced that they will report Q3, 2026 results on Jan 30, 2026
分析記事 • Dec 06INES (TSE:9742) Has Affirmed Its Dividend Of ¥30.00INES Corporation ( TSE:9742 ) has announced that it will pay a dividend of ¥30.00 per share on the 26th of June. This...
Declared Dividend • Dec 06First half dividend of JP¥30.00 announcedDividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥0.82 (vs JP¥39.04 in 2Q 2025)Second quarter 2026 results: EPS: JP¥0.82 (down from JP¥39.04 in 2Q 2025). Revenue: JP¥8.77b (down 14% from 2Q 2025). Net income: JP¥17.0m (down 98% from 2Q 2025). Profit margin: 0.2% (down from 8.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
New Risk • Oct 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change).
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,672, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 26% over the past three years.
お知らせ • Oct 28INES Corporation, Annual General Meeting, Oct 28, 2025INES Corporation, Annual General Meeting, Oct 28, 2025. Agenda: To consider paying dividends of surplus (interim dividends) with a record date of September 30, 2025; and revise the year-end dividend forecast for the fiscal year ending March 31, 2026.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
分析記事 • Sep 17INES' (TSE:9742) Dividend Will Be ¥25.00The board of INES Corporation ( TSE:9742 ) has announced that it will pay a dividend on the 5th of December, with...
お知らせ • Sep 17INES Corporation to Report Q2, 2026 Results on Oct 28, 2025INES Corporation announced that they will report Q2, 2026 results on Oct 28, 2025
分析記事 • Aug 04INES (TSE:9742) Has Affirmed Its Dividend Of ¥25.00INES Corporation ( TSE:9742 ) will pay a dividend of ¥25.00 on the 5th of December. Based on this payment, the dividend...
Reported Earnings • Aug 02First quarter 2026 earnings released: JP¥29.70 loss per share (vs JP¥13.22 loss in 1Q 2025)First quarter 2026 results: JP¥29.70 loss per share (further deteriorated from JP¥13.22 loss in 1Q 2025). Revenue: JP¥7.71b (down 8.6% from 1Q 2025). Net loss: JP¥618.0m (loss widened 125% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.
Declared Dividend • Jul 21Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 26INES Corporation to Report Q1, 2026 Results on Jul 31, 2025INES Corporation announced that they will report Q1, 2026 results on Jul 31, 2025
Reported Earnings • May 01Full year 2025 earnings released: EPS: JP¥117 (vs JP¥86.29 in FY 2024)Full year 2025 results: EPS: JP¥117 (up from JP¥86.29 in FY 2024). Revenue: JP¥40.6b (flat on FY 2024). Net income: JP¥2.44b (up 36% from FY 2024). Profit margin: 6.0% (up from 4.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Apr 30INES Corporation, Annual General Meeting, Jun 25, 2025INES Corporation, Annual General Meeting, Jun 25, 2025.
分析記事 • Apr 07Market Cool On INES Corporation's (TSE:9742) Earnings Pushing Shares 27% LowerThe INES Corporation ( TSE:9742 ) share price has fared very poorly over the last month, falling by a substantial 27...
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 36x cash flows per share). Share price has been volatile over the past 3 months (5.9% average weekly change).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,550, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 9.7% over the past three years.
分析記事 • Mar 26INES (TSE:9742) Is Increasing Its Dividend To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...
お知らせ • Mar 26INES Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025INES Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).
New Risk • Feb 01New major risk - Revenue and earnings growthEarnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
分析記事 • Jan 03INES (TSE:9742) Is Increasing Its Dividend To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...
お知らせ • Jan 03INES Corporation to Report Q3, 2025 Results on Jan 31, 2025INES Corporation announced that they will report Q3, 2025 results on Jan 31, 2025
分析記事 • Dec 06INES' (TSE:9742) Dividend Will Be Increased To ¥30.00INES Corporation's ( TSE:9742 ) dividend will be increasing from last year's payment of the same period to ¥30.00 on...
Declared Dividend • Dec 06First half dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥39.04 (vs JP¥4.62 in 2Q 2024)Second quarter 2025 results: EPS: JP¥39.04 (up from JP¥4.62 in 2Q 2024). Revenue: JP¥10.2b (up 5.6% from 2Q 2024). Net income: JP¥812.0m (up JP¥716.0m from 2Q 2024). Profit margin: 8.0% (up from 1.0% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 21INES Corporation to Report Q2, 2025 Results on Oct 31, 2024INES Corporation announced that they will report Q2, 2025 results on Oct 31, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,459, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years.
分析記事 • Aug 02INES (TSE:9742) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Aug 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (2.9% net profit margin).
Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥13.22 loss per share (vs JP¥18.13 profit in 1Q 2024)First quarter 2025 results: JP¥13.22 loss per share (down from JP¥18.13 profit in 1Q 2024). Revenue: JP¥8.44b (down 15% from 1Q 2024). Net loss: JP¥275.0m (down 173% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 19Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 15INES Corporation to Report Q1, 2025 Results on Jul 31, 2024INES Corporation announced that they will report Q1, 2025 results on Jul 31, 2024
分析記事 • May 07INES' (TSE:9742) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe market rallied behind INES Corporation's ( TSE:9742 ) stock, leading do a rise in the share price after its recent...
Reported Earnings • May 01Full year 2024 earnings released: EPS: JP¥86.29 (vs JP¥122 in FY 2023)Full year 2024 results: EPS: JP¥86.29 (down from JP¥122 in FY 2023). Revenue: JP¥40.6b (down 4.4% from FY 2023). Net income: JP¥1.80b (down 29% from FY 2023). Profit margin: 4.4% (down from 6.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
お知らせ • Mar 02INES Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024INES Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥11.34 (vs JP¥16.50 in 3Q 2023)Third quarter 2024 results: EPS: JP¥11.34 (down from JP¥16.50 in 3Q 2023). Revenue: JP¥9.39b (down 6.1% from 3Q 2023). Net income: JP¥236.0m (down 31% from 3Q 2023). Profit margin: 2.5% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 30INES Corporation to Report Q3, 2024 Results on Jan 30, 2024INES Corporation announced that they will report Q3, 2024 results on Jan 30, 2024
Reported Earnings • Nov 01Second quarter 2024 earnings released: EPS: JP¥4.62 (vs JP¥26.35 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.62 (down from JP¥26.35 in 2Q 2023). Revenue: JP¥9.66b (down 6.7% from 2Q 2023). Net income: JP¥96.0m (down 83% from 2Q 2023). Profit margin: 1.0% (down from 5.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥20.00 per share at 3.1% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).
お知らせ • Aug 31INES Corporation to Report Q2, 2024 Results on Oct 30, 2023INES Corporation announced that they will report Q2, 2024 results on Oct 30, 2023
Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: JP¥18.13 (vs JP¥21.31 in 1Q 2023)First quarter 2024 results: EPS: JP¥18.13 (down from JP¥21.31 in 1Q 2023). Revenue: JP¥9.96b (up 3.3% from 1Q 2023). Net income: JP¥377.0m (down 15% from 1Q 2023). Profit margin: 3.8% (down from 4.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Board Change • Jul 25High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Managing Executive Officer & Director Kazuhiro Fukuyama was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 02INES Corporation to Report Q1, 2024 Results on Jul 28, 2023INES Corporation announced that they will report Q1, 2024 results on Jul 28, 2023
Reported Earnings • Apr 29Full year 2023 earnings released: EPS: JP¥122 (vs JP¥57.21 in FY 2022)Full year 2023 results: EPS: JP¥122 (up from JP¥57.21 in FY 2022). Revenue: JP¥42.4b (up 5.9% from FY 2022). Net income: JP¥2.54b (up 96% from FY 2022). Profit margin: 6.0% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Reported Earnings • Jan 28Third quarter 2023 earnings released: EPS: JP¥16.49 (vs JP¥14.50 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.49 (up from JP¥14.50 in 3Q 2022). Revenue: JP¥10.0b (up 4.4% from 3Q 2022). Net income: JP¥343.0m (up 5.9% from 3Q 2022). Profit margin: 3.4% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 27INES Corporation to Report Q3, 2023 Results on Jan 27, 2023INES Corporation announced that they will report Q3, 2023 results on Jan 27, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥26.35 (vs JP¥24.34 in 2Q 2022)Second quarter 2023 results: EPS: JP¥26.35. Revenue: JP¥10.4b (down 1.3% from 2Q 2022). Net income: JP¥548.0m (down 4.0% from 2Q 2022). Profit margin: 5.3% (down from 5.4% in 2Q 2022). The decrease in margin was driven by lower revenue.
Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Kyota Omori is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥26.35 (vs JP¥24.34 in 2Q 2022)Second quarter 2023 results: EPS: JP¥26.35. Revenue: JP¥10.4b (down 1.3% from 2Q 2022). Net income: JP¥548.0m (down 4.0% from 2Q 2022). Profit margin: 5.3% (down from 5.4% in 2Q 2022). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Aug 31INES Corporation to Report Q2, 2023 Results on Oct 31, 2022INES Corporation announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥21.31 (vs JP¥2.98 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥21.31 (up from JP¥2.98 loss in 1Q 2022). Revenue: JP¥9.64b (up 14% from 1Q 2022). Net income: JP¥443.0m (up JP¥514.0m from 1Q 2022). Profit margin: 4.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • May 29INES Corporation to Report Q1, 2023 Results on Jul 29, 2022INES Corporation announced that they will report Q1, 2023 results on Jul 29, 2022
お知らせ • May 02INES Corporation, Annual General Meeting, Jun 24, 2022INES Corporation, Annual General Meeting, Jun 24, 2022.
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: JP¥57.21 (vs JP¥60.15 in FY 2021)Full year 2022 results: EPS: JP¥57.21 (down from JP¥60.15 in FY 2021). Revenue: JP¥40.0b (down 3.7% from FY 2021). Net income: JP¥1.30b (down 9.2% from FY 2021). Profit margin: 3.2% (down from 3.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Tadahiko Fukuhara is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 08INES Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022INES Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022
Board Change • Mar 23High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Tadahiko Fukuhara is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Jan 30Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥14.50 (down from JP¥15.92 in 3Q 2021). Revenue: JP¥9.58b (up 7.2% from 3Q 2021). Net income: JP¥324.0m (down 14% from 3Q 2021). Profit margin: 3.4% (down from 4.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Dec 23INES Corporation (TSE:9742) announces an Equity Buyback for 1,500,000 shares, representing 6.28% for ¥2,000 million.INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 6.28% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of the repurchase program is to implement capital policies to improve capital efficiency and enhance shareholder returns. The share repurchase program is valid until March 31, 2022. As of November 30, 2021, the company has 23,900,000 shares outstanding excluding treasury shares and had 1,716,623 shares in treasury.
Reported Earnings • Oct 31Second quarter 2022 earnings released: EPS JP¥24.34 (vs JP¥6.09 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥10.5b (flat on 2Q 2021). Net income: JP¥571.0m (up 294% from 2Q 2021). Profit margin: 5.4% (up from 1.4% in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 02First quarter 2022 earnings released: JP¥2.98 loss per share (vs JP¥6.93 profit in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥8.44b (down 8.7% from 1Q 2021). Net loss: JP¥71.0m (down 143% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • May 03Full year 2021 earnings released: EPS JP¥60.15 (vs JP¥86.71 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥41.6b (down 1.7% from FY 2020). Net income: JP¥1.43b (down 31% from FY 2020). Profit margin: 3.4% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).
お知らせ • Mar 04INES Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021INES Corporation announced that they will report fiscal year 2021 results on Apr 30, 2021
Is New 90 Day High Low • Feb 24New 90-day low: JP¥1,356The company is down 7.0% from its price of JP¥1,464 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period.
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥15.92 (vs JP¥148 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.93b (down 9.7% from 3Q 2020). Net income: JP¥379.0m (down 89% from 3Q 2020). Profit margin: 4.2% (down from 36% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Dec 28New 90-day low: JP¥1,361The company is down 19% from its price of JP¥1,683 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period.
お知らせ • Dec 03INES Corporation to Report Q3, 2021 Results on Jan 28, 2021INES Corporation announced that they will report Q3, 2021 results on Jan 28, 2021
お知らせ • Oct 02Mitsubishi Research Institute, Inc. (TSE:3636) cancelled the acquisition of additional 6.6% in INES Corporation (TSE:9742).Mitsubishi Research Institute, Inc. (TSE:3636) signed an agreement to acquire additional 6.6% in INES Corporation (TSE:9742) on September 27, 2019. As per terms, additional 1562 shares have been acquired. Mitsubishi Research Institute, Inc. now holds 17.1% in INES Corporation. The deal is expected to close on October 1, 2019. Mitsubishi Research Institute, Inc. (TSE:3636) cancelled the acquisition of additional 6.6% in INES Corporation (TSE:9742) on September 27, 2020.
お知らせ • Sep 03INES Corporation to Report Q2, 2021 Results on Oct 30, 2020INES Corporation announced that they will report Q2, 2021 results on Oct 30, 2020
お知らせ • Jul 05INES Corporation to Report Q1, 2021 Results on Jul 31, 2020INES Corporation announced that they will report Q1, 2021 results on Jul 31, 2020