Major Estimate Revision • Jun 19
Consensus EPS estimates fall by 51% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥175 to JP¥86.10 per share. Revenue forecast steady at JP¥51.9b. Net income forecast to shrink 17% next year vs 7.1% growth forecast for Personal Products industry in Japan . Consensus price target down from JP¥2,250 to JP¥2,110. Share price was steady at JP¥1,308 over the past week. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥9.73 (vs JP¥26.39 in 1Q 2025) First quarter 2026 results: EPS: JP¥9.73 (down from JP¥26.39 in 1Q 2025). Revenue: JP¥12.5b (up 12% from 1Q 2025). Net income: JP¥173.0m (down 63% from 1Q 2025). Profit margin: 1.4% (down from 4.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,153, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 21x in the Personal Products industry in Japan. Total loss to shareholders of 69% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 March 2026. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Price Target Changed • Dec 02
Price target decreased by 12% to JP¥2,280 Down from JP¥2,580, the current price target is an average from 2 analysts. New target price is 68% above last closing price of JP¥1,358. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥158 for next year compared to JP¥167 last year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,497, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 25x in the Personal Products industry in Japan. Total loss to shareholders of 40% over the past three years. New Risk • Nov 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥10.41 (vs JP¥19.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.41 (down from JP¥19.16 in 3Q 2024). Revenue: JP¥12.0b (up 9.5% from 3Q 2024). Net income: JP¥182.0m (down 46% from 3Q 2024). Profit margin: 1.5% (down from 3.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • Sep 02
I-ne CO., LTD. to Report Q3, 2025 Results on Nov 07, 2025 I-ne CO., LTD. announced that they will report Q3, 2025 results on Nov 07, 2025 Price Target Changed • Sep 02
Price target decreased by 8.7% to JP¥2,615 Down from JP¥2,865, the current price target is an average from 2 analysts. New target price is 66% above last closing price of JP¥1,573. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥167 last year. Declared Dividend • Aug 10
Dividend of JP¥13.50 announced Shareholders will receive a dividend of JP¥13.50. Ex-date: 29th December 2025 Payment date: 16th March 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: JP¥31.45 (vs JP¥46.25 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.45 (down from JP¥46.25 in 2Q 2024). Revenue: JP¥11.2b (flat on 2Q 2024). Net income: JP¥550.0m (down 33% from 2Q 2024). Profit margin: 4.9% (down from 7.3% in 2Q 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jun 27
I-ne CO., LTD. to Report Q2, 2025 Results on Aug 08, 2025 I-ne CO., LTD. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 10
First quarter 2025 earnings released: EPS: JP¥21.33 (vs JP¥23.97 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.33 (down from JP¥23.97 in 1Q 2024). Revenue: JP¥11.1b (up 22% from 1Q 2024). Net income: JP¥373.0m (down 12% from 1Q 2024). Profit margin: 3.4% (down from 4.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,414, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 23x in the Personal Products industry in Japan. Total loss to shareholders of 18% over the past three years. Price Target Changed • Apr 02
Price target decreased by 42% to JP¥1,730 Down from JP¥3,005, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥1,549. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥167 last year. Duyuru • Mar 27
I-ne CO., LTD. to Report Q1, 2025 Results on May 09, 2025 I-ne CO., LTD. announced that they will report Q1, 2025 results on May 09, 2025 Price Target Changed • Mar 05
Price target decreased by 9.1% to JP¥3,005 Down from JP¥3,305, the current price target is an average from 2 analysts. New target price is 81% above last closing price of JP¥1,662. Stock is down 10% over the past year. The company is forecast to post earnings per share of JP¥164 for next year compared to JP¥167 last year. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,678, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Personal Products industry in Japan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Feb 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥167 (down from JP¥224 in FY 2023). Revenue: JP¥45.0b (up 8.1% from FY 2023). Net income: JP¥2.94b (down 26% from FY 2023). Profit margin: 6.5% (down from 9.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 12
I-ne CO., LTD., Annual General Meeting, Mar 28, 2025 I-ne CO., LTD., Annual General Meeting, Mar 28, 2025. Duyuru • Jan 03
I-ne CO., LTD. to Report Fiscal Year 2024 Results on Feb 12, 2025 I-ne CO., LTD. announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Feb 12, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: JP¥19.16 (vs JP¥32.00 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.16 (down from JP¥32.00 in 3Q 2023). Revenue: JP¥11.0b (flat on 3Q 2023). Net income: JP¥335.0m (down 41% from 3Q 2023). Profit margin: 3.0% (down from 5.2% in 3Q 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Nov 01
I-ne CO., LTD. (TSE:4933) completed the acquisition of Tout Vert Co.,Ltd. from Yoshihiko Moriyama and others. I-ne CO., LTD. (TSE:4933) agreed to acquire Tout Vert Co.,Ltd. from Yoshihiko Moriyama and others for ¥10 billion on October 23, 2024. A cash consideration of ¥10 billion will be paid by I-ne CO., LTD for 200 shares.
For the period ending June 30, 2024, Tout Vert Co.,Ltd. reported total revenue of ¥4.11 billion, EBIT of ¥1.36 billion and net income of ¥961 million. As of June 30, 2024, Tout Vert Co.,Ltd. reported total assets of ¥3.23 billion and total common equity of ¥2.5 billion. The expected completion of the transaction is October 31, 2024.
I-ne CO., LTD. (TSE:4933) completed the acquisition of Tout Vert Co.,Ltd. from Yoshihiko Moriyama and others on October 31, 2024. Price Target Changed • Oct 29
Price target increased by 22% to JP¥3,360 Up from JP¥2,760, the current price target is an average from 2 analysts. New target price is 58% above last closing price of JP¥2,133. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥147 for next year compared to JP¥224 last year. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,971, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Personal Products industry in Japan. Total loss to shareholders of 9.3% over the past three years. Duyuru • Sep 27
I-ne CO., LTD. to Report Q3, 2024 Results on Nov 08, 2024 I-ne CO., LTD. announced that they will report Q3, 2024 results on Nov 08, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: JP¥46.25 (vs JP¥139 in 2Q 2023) Second quarter 2024 results: EPS: JP¥46.25 (down from JP¥139 in 2Q 2023). Revenue: JP¥11.2b (up 15% from 2Q 2023). Net income: JP¥815.0m (down 67% from 2Q 2023). Profit margin: 7.3% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,354, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Personal Products industry in Japan. Total loss to shareholders of 48% over the past three years. Duyuru • Jun 06
I-ne CO., LTD. to Report Q2, 2024 Results on Aug 09, 2024 I-ne CO., LTD. announced that they will report Q2, 2024 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,698, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Personal Products industry in Japan. Total loss to shareholders of 46% over the past three years. New Risk • Jun 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Large one-off items impacting financial results. Board Change • May 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Yoshinori Hara was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,598, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 24x in the Personal Products industry in Japan. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥23.97 (vs JP¥31.85 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.97 (down from JP¥31.85 in 1Q 2023). Revenue: JP¥9.08b (down 6.5% from 1Q 2023). Net income: JP¥426.0m (down 24% from 1Q 2023). Profit margin: 4.7% (down from 5.7% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • May 11
I-ne CO., LTD. (TSE:4933) announces an Equity Buyback for 300,000 shares, representing 1.69% for ¥550 million. I-ne CO., LTD. (TSE:4933) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.69% of its issued shares for ¥550 million. The purpose of share repurchase is to carry out a flexible capital policy in response to changes in the business environment. The repurchase program will continue until June 21, 2024. As of March 31, 2024, the company had 17,771,240 shares outstanding and 158 shares in treasury. New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 High level of non-cash earnings (58% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Duyuru • Mar 29
I-ne CO., LTD. to Report Q1, 2024 Results on May 10, 2024 I-ne CO., LTD. announced that they will report Q1, 2024 results on May 10, 2024 Price Target Changed • Mar 27
Price target decreased by 10% to JP¥3,530 Down from JP¥3,930, the current price target is an average from 3 analysts. New target price is 86% above last closing price of JP¥1,902. Stock is down 49% over the past year. The company is forecast to post earnings per share of JP¥152 for next year compared to JP¥224 last year. Price Target Changed • Feb 21
Price target decreased by 7.1% to JP¥3,897 Down from JP¥4,193, the current price target is an average from 3 analysts. New target price is 89% above last closing price of JP¥2,059. Stock is down 47% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥224 last year. New Risk • Feb 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 58% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Duyuru • Feb 11
I-ne CO., LTD., Annual General Meeting, Mar 27, 2024 I-ne CO., LTD., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥224 (up from JP¥110 in FY 2022). Revenue: JP¥41.6b (up 18% from FY 2022). Net income: JP¥3.95b (up 105% from FY 2022). Profit margin: 9.5% (up from 5.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 28
I-ne CO., LTD. to Report Fiscal Year 2023 Results on Feb 09, 2024 I-ne CO., LTD. announced that they will report fiscal year 2023 results on Feb 09, 2024 Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥32.00 (vs JP¥39.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.00 (down from JP¥39.98 in 3Q 2022). Revenue: JP¥11.0b (up 11% from 3Q 2022). Net income: JP¥564.0m (down 19% from 3Q 2022). Profit margin: 5.2% (down from 7.1% in 3Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 30
Consensus EPS estimates increase by 69% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥40.4b to JP¥41.1b. EPS estimate increased from JP¥149 to JP¥252 per share. Net income forecast to shrink 3.9% next year vs 11% growth forecast for Personal Products industry in Japan . Consensus price target broadly unchanged at JP¥4,440. Share price rose 4.6% to JP¥2,999 over the past week. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. High level of non-cash earnings (66% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Duyuru • Aug 27
I-ne CO., LTD. to Report Q3, 2023 Results on Nov 10, 2023 I-ne CO., LTD. announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 66% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (66% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • Aug 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: JP¥139 (vs JP¥19.51 in 2Q 2022) Second quarter 2023 results: EPS: JP¥139 (up from JP¥19.51 in 2Q 2022). Revenue: JP¥9.80b (up 21% from 2Q 2022). Net income: JP¥2.45b (up JP¥2.11b from 2Q 2022). Profit margin: 25% (up from 4.2% in 2Q 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥3,150, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Personal Products industry in Japan. Total returns to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,206 per share. Buying Opportunity • Jul 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be JP¥3,537, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Duyuru • Jun 28
I-ne CO., LTD. to Report Q2, 2023 Results on Aug 09, 2023 I-ne CO., LTD. announced that they will report Q2, 2023 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,882, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Personal Products industry in Japan. Total returns to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,488 per share. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: JP¥31.85 (vs JP¥46.28 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.85 (down from JP¥46.28 in 1Q 2022). Revenue: JP¥9.72b (up 20% from 1Q 2022). Net income: JP¥558.0m (down 31% from 1Q 2022). Profit margin: 5.7% (down from 10.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Reported Earnings • Mar 29
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥110 (up from JP¥71.44 in FY 2021). Revenue: JP¥35.3b (up 24% from FY 2021). Net income: JP¥1.93b (up 55% from FY 2021). Profit margin: 5.5% (up from 4.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥3,940, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the Personal Products industry in Japan. Total returns to shareholders of 225% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,887 per share. Reported Earnings • Feb 12
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥110 (up from JP¥71.44 in FY 2021). Revenue: JP¥35.3b (up 24% from FY 2021). Net income: JP¥1.93b (up 55% from FY 2021). Profit margin: 5.5% (up from 4.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Duyuru • Feb 12
I-ne CO., LTD., Annual General Meeting, Mar 24, 2023 I-ne CO., LTD., Annual General Meeting, Mar 24, 2023. Buying Opportunity • Feb 03
Now 20% undervalued Over the last 90 days, the stock is up 47%. The fair value is estimated to be JP¥3,984, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Duyuru • Dec 06
I-ne CO., LTD. to Report Fiscal Year 2022 Results on Feb 10, 2023 I-ne CO., LTD. announced that they will report fiscal year 2022 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥79.97 (vs JP¥37.18 in 3Q 2021) Third quarter 2022 results: EPS: JP¥79.97 (up from JP¥37.18 in 3Q 2021). Revenue: JP¥9.91b (up 50% from 3Q 2021). Net income: JP¥699.0m (up 115% from 3Q 2021). Profit margin: 7.1% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥5,260, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Personal Products industry in Japan. Total returns to shareholders of 8.5% over the past year. Buying Opportunity • Nov 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be JP¥5,483, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has declined by 9.4%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 51% in the next 2 years. Duyuru • Aug 31
I-ne CO., LTD. to Report Q3, 2022 Results on Nov 11, 2022 I-ne CO., LTD. announced that they will report Q3, 2022 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥5,150, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Personal Products industry in Japan. Total returns to shareholders of 18% over the past year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥39.01 (vs JP¥42.49 in 2Q 2021) Second quarter 2022 results: EPS: JP¥39.01 (down from JP¥42.49 in 2Q 2021). Revenue: JP¥8.12b (up 14% from 2Q 2021). Net income: JP¥341.0m (down 7.8% from 2Q 2021). Profit margin: 4.2% (down from 5.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 3.8% growth forecast for the industry in Japan. Buying Opportunity • Aug 01
Now 22% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be JP¥5,752, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥4,090, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Personal Products industry in Japan. Total loss to shareholders of 28% over the past year. Duyuru • Jun 03
I-ne CO., LTD. to Report Q2, 2022 Results on Aug 10, 2022 I-ne CO., LTD. announced that they will report Q2, 2022 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥3,750, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Personal Products industry in Japan. Total loss to shareholders of 32% over the past year. Major Estimate Revision • May 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥189 to JP¥208. Revenue forecast unchanged at JP¥33.2b. Net income forecast to grow 46% next year vs 5.5% growth forecast for Personal Products industry in Japan. Consensus price target up from JP¥3,230 to JP¥4,800. Share price rose 12% to JP¥3,740 over the past week. Price Target Changed • Apr 27
Price target decreased to JP¥3,230 Down from JP¥5,580, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥3,215. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥143 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 08
I-ne CO., LTD. to Report Q1, 2022 Results on May 13, 2022 I-ne CO., LTD. announced that they will report Q1, 2022 results on May 13, 2022