ibis inc.JP:9343Stock Price

Market cap
¥12.1B
P/E ratio
12.9x
Ibis develops ibisPaint, a popular mobile drawing app that turns artwork into shareable videos, while also providing mobile app development and IT staffing services to businesses.

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Business Overview

Ibis operates two main business segments: "Mobile Business" and "Solutions Business."

In the Mobile Business, Ibis develops and operates "ibisPaint," a mobile painting application for iOS and Android. The app is designed around the concept of sharing the joy of drawing by converting the creative process into video. Ibis also operates "ibispaint.com," an online gallery where users can showcase their created content.

"ibisPaint" is distributed through Google Play and the App Store, with basic features available for free. To generate advertising revenue, the app displays banner and video advertisements. Ibis also offers premium membership services that include ad-free functionality and ad-removal add-ons, generating in-app purchase revenue.

In the Solutions Business, Ibis provides contract development services for smartphone and tablet applications, as well as cloud server environment construction and operational maintenance. The company also operates IT technical staff dispatch services. These services represent a business segment that provides technical expertise to corporate clients.

Contract development services involve developing and maintaining mobile and web applications, with both recurring and one-time revenue models. IT technical staff dispatch services generate revenue through placement fees by dispatching engineers hired under permanent employment contracts.

Management Policy

Ibis aims to expand its growth strategy across two fronts: its mobile business and solutions business. In the mobile business, the company is promoting global adoption of "ibisPaint" and strengthening its subscription model. This approach builds a stable revenue base independent of advertising income and helps diversify risk.

The company is also moving forward with releasing Windows and Mac versions, targeting entry into the professional market. This strategy aims to secure new revenue streams from professional creators. Additionally, the company is enhancing competitiveness by leveraging AI technology and voice synthesis technology to increase product value.

In the solutions business, the company is strengthening contract development and IT engineer dispatch services. Particularly, riding the wave of mobile DX, the company continues to refine cutting-edge technologies in application development for smartphones and tablets. This builds a framework to provide end-to-end services from system implementation to operation, targeting new customer segments.

Furthermore, in the AI voice synthesis business, the company has made Technospeech Corporation a subsidiary and is developing new markets utilizing voice synthesis technology. This initiative aims to foster a new creative culture that fuses voice and illustration, accelerating growth across the entire group.