I-Net (TSE:9600) ROE %: 7.89% (As of Sep. 2025) — 26% Below Median


TSE:9600 I-Net Corp TSE:9600
61 GF Score
Price 円2,515.00
GF Value 円2,078.44
! 9 Warning Signs
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What is I-Net ROE %?

I-Net TSE:9600 +0.04% 61 ROE % is 7.89% as of Sep. 2025, which is 26% below its 10-year median of 10.60. GuruFocus rates TSE:9600 with a GF Score™ of 61/100 and a GF Value™ of 円2,078.44. The stock has 9 warning signs investors should review.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. I-Net's annualized net income for the quarter that ended in Sep. 2025 was 円1,550 Mil. I-Net's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was 円19,647 Mil. Therefore, I-Net's annualized ROE % for the quarter that ended in Sep. 2025 was 7.89%.

The historical rank and industry rank for I-Net's ROE % or its related term are showing as below:

TSE:9600' s ROE % Range Over the Past 10 Years
Min: 7.7   Med: 10.6   Max: 11.67
Current: 10.5

During the past 13 years, I-Net's highest ROE % was 11.67%. The lowest was 7.70%. And the median was 10.60%.

TSE:9600's ROE % is not ranked
in the Software industry.
Industry Median: 4.68 vs TSE:9600: 10.50

I-Net  (TSE:9600) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=1549.828/19646.865
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1549.828 / 40746.468)*(40746.468 / 37373.8545)*(37373.8545 / 19646.865)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.8 %*1.0902*1.9023
=ROA %*Equity Multiplier
=4.14 %*1.9023
=7.89 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=1549.828/19646.865
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1549.828 / 2542.876) * (2542.876 / 2783.23) * (2783.23 / 40746.468) * (40746.468 / 37373.8545) * (37373.8545 / 19646.865)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6095 * 0.9136 * 6.83 % * 1.0902 * 1.9023
=7.89 %

Note: The net income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


I-Net ROE % Related Terms


I-Net ROE % Historical Data

* Premium members only.

The historical data trend for I-Net's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

I-Net ROE % Chart

I-Net Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.51 10.11 7.70 11.67 11.47

I-Net Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.47 11.90 10.46 13.20 7.89

TSE:9600 vs IBM, ACN, FISV: ROE % Comparison

For the Information Technology Services subindustry, I-Net's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


I-Net ROE % vs Software Industry

For the Software industry and Technology sector, I-Net's ROE % distribution charts can be found below:

* The bar in red indicates where I-Net's ROE % falls into.


TSE:9600
61GF Score
I-Net Corp TSE:9600
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I-Net ROE % Calculation

I-Net's annualized ROE % for the fiscal year that ended in Mar. 2025 is calculated as

ROE %=Net Income (A: Mar. 2025 )/( (Total Stockholders Equity (A: Mar. 2024 )+Total Stockholders Equity (A: Mar. 2025 ))/ count )
=2259.963/( (20097.004+19312.425)/ 2 )
=2259.963/19704.7145
=11.47 %

I-Net's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=1549.828/( (19312.425+19981.305)/ 2 )
=1549.828/19646.865
=7.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.89% mean?
I-Net (TSE:9600) has a ROE % of 7.89% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on I-Net and its competitors. This is 26% below median its historical median of 10.60. Over the past decade, I-Net's ROE % has ranged from 7.70 to 11.67.
Is I-Net's ROE % too high?
I-Net's current ROE % of 7.89% is 26% below median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 7.70 to a high of 11.67. The Software industry median ROE % is 4.68. I-Net's value of 7.89% is 68.6% above this industry median. Overall, I-Net has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does I-Net's ROE % compare to IBM and ACN?
I-Net's ROE % of 7.89% can be compared against companies in the Software industry. The industry median ROE % is 4.68. I-Net's value of 7.89% is 68.6% above this benchmark. Historically, I-Net's own ROE % has ranged from 7.70 to 11.67 over the past decade. While the company's 10-year median is 10.60 vs. the industry median of 4.68, I-Net has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Software company?
The median ROE % among Software companies is 4.68, based on 2,679 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. I-Net's current ROE % of 7.89% is 68.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on I-Net and its competitors. For the Software industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. I-Net's current ROE % is 7.89%, which is 26% below median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I-Net stock overvalued right now?
I-Net (TSE:9600) has a current ROE % of 7.89%. The stock's GF Value™ is 円2,078.44, compared to a current price of 円2,515.00 — trading 21% above its estimated fair value. The current ROE % is 7.89%, which is 26% below median its 10-year median of 10.60 and 68.6% above the Software industry median of 4.68. I-Net's overall GF Score™ is 61/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For I-Net (TSE:9600), the current ROE % is 7.89% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is I-Net (TSE:9600) Overvalued in 2026?

Based on GuruFocus' analysis, I-Net stock appears to be overvalued. The current stock price of 円2,515.00 is trading 21% above its estimated GF Value™ of 円2,078.44.

Key valuation signals for TSE:9600:

  • ROE %: 7.89% (26% below median its 10-year median of 10.60)
  • GF Value™: 円2,078.44 vs. price of 円2,515.00 (21% above fair value)
  • GF Score™: 61/100 with 9 warning signs
  • Industry Position: 68.6% above the Software median

No single metric tells the full story. See the TSE:9600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


I-Net Business Description

Address 5-1-2 Minatomirai, 13th Floor, Yokohama Sympho Stage West Tower, Nishi-Ku, Yokohama, JPN, 220-0012
I-Net Corp is engaged in providing comprehensive services from planning and development of information systems to operation, maintenance, and upkeep after their launch. The company offers a variety of services, including cloud services, system development services, and print and mailing services, to meet the needs of customers in a wide variety of industries, including finance, retail and distribution, oil, manufacturing, and medicine. It generates maximum revenue from the provision of system development services, and the rest from the provision of data processing services and system equipment sales.
61GF Score

Get the complete analysis for TSE:9600

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,515.00
Price
円2,078.44
GF Value