| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 375.46 | -46 |
| Intrinsic value (DCF) | 944.25 | 35 |
| Graham-Dodd Method | 305.02 | -56 |
| Graham Formula | 955.07 | 37 |
Ibis Inc. is a Japan-based mobile-savvy engineering company specializing in digital creativity and IT solutions. The company is best known for its flagship product, ibisPaint, a popular mobile painting application that caters to artists and illustrators worldwide. In addition to its consumer-facing app, Ibis provides IT engineer dispatch and entrusted development services, supporting businesses with technical expertise. Founded in 2000 and headquartered in Nagoya, Japan, Ibis operates at the intersection of software development and digital art, leveraging mobile technology to serve a global user base. The company's dual focus on creative applications and enterprise IT services positions it uniquely in the competitive software industry. With a strong presence in Japan and expanding international reach, Ibis continues to innovate in mobile-first solutions, making it a noteworthy player in the Technology sector.
Ibis Inc. presents an intriguing investment opportunity with its diversified revenue streams from both consumer software (ibisPaint) and enterprise IT services. The company's strong net income (JPY 839M) and operating cash flow (JPY 1.2B) indicate financial stability, while its high beta (1.83) suggests volatility tied to tech sector trends. A key attraction is ibisPaint's global popularity in the digital art space, which provides recurring revenue potential. However, competition in mobile apps and IT outsourcing is intense, and Ibis's relatively small market cap (~JPY 10.8B) may limit liquidity. The dividend yield (~1.1%) is modest, appealing to income-focused investors, but growth prospects depend on continued app monetization and expansion in IT services. Investors should weigh its niche leadership against broader tech sector risks.
Ibis Inc. competes in two distinct markets: mobile creative software and IT engineering services. In digital art apps, ibisPaint differentiates itself with a freemium model and robust social features, competing against giants like Adobe (Photoshop Express) and Procreate. While lacking Adobe's brand power, ibisPaint's mobile-first approach and lower cost appeal to casual and semi-professional artists. In IT services, Ibis faces competition from larger Japanese IT firms like GMO Internet and SCSK, which have broader enterprise client bases. Ibis's competitive advantage lies in its agility and dual expertise in consumer software and B2B IT solutions—a rare combination. However, its small scale limits R&D spending compared to global peers. The company's success hinges on maintaining ibisPaint's loyal user base while expanding high-margin IT services. Its asset-light model (high cash reserves, low debt) provides flexibility, but dependence on mobile app stores (Apple/Google) poses platform risk.