View ValuationSystem ResearchLtd 将来の成長Future 基準チェック /06現在、 System ResearchLtdの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Software 収益成長15.5%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Aug 10+ 1 more updateSystem Research Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024System Research Co.,Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects net sales of JPY 10,948 million, operating profit of JPY 803 million, profit attributable to owners of parent of JPY 580 million and basic earnings per share of JPY 69.41. For the year, the company expects net sales of JPY 23,815 million, operating profit of JPY 2,516 million, profit attributable to owners of parent of JPY 1,817 million and basic earnings per share of JPY 217.47.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Apr 15Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to JP¥1,744. The fair value is estimated to be JP¥1,446, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 12%.Buy Or Sell Opportunity • Mar 24Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to JP¥1,713. The fair value is estimated to be JP¥1,422, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 12%.Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).分析記事 • Feb 16System ResearchLtd's (TSE:3771) Shareholders Will Receive A Bigger Dividend Than Last YearSystem Research Co.,Ltd. ( TSE:3771 ) has announced that it will be increasing its dividend from last year's comparable...分析記事 • Feb 02System ResearchLtd (TSE:3771) Is Increasing Its Dividend To ¥70.00System Research Co.,Ltd. ( TSE:3771 ) will increase its dividend on the 4th of June to ¥70.00, which is 17% higher than...Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥40.04 (vs JP¥39.45 in 3Q 2025)Third quarter 2026 results: EPS: JP¥40.04 (up from JP¥39.45 in 3Q 2025). Revenue: JP¥7.23b (up 9.9% from 3Q 2025). Net income: JP¥664.0m (up 1.6% from 3Q 2025). Profit margin: 9.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 29System Research Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026System Research Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥40.98 (vs JP¥33.03 in 2Q 2025)Second quarter 2026 results: EPS: JP¥40.98 (up from JP¥33.03 in 2Q 2025). Revenue: JP¥7.25b (up 13% from 2Q 2025). Net income: JP¥679.3m (up 24% from 2Q 2025). Profit margin: 9.4% (up from 8.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Oct 30Dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Sep 01System Research Co.,Ltd. to Report Q2, 2026 Results on Oct 28, 2025System Research Co.,Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025Reported Earnings • Jul 30First quarter 2026 earnings released: EPS: JP¥26.66 (vs JP¥21.18 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.66 (up from JP¥21.18 in 1Q 2025). Revenue: JP¥6.94b (up 12% from 1Q 2025). Net income: JP¥441.7m (up 25% from 1Q 2025). Profit margin: 6.4% (up from 5.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jul 29Here's Why We Think System ResearchLtd (TSE:3771) Might Deserve Your Attention TodayIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...お知らせ • May 31System Research Co.,Ltd. to Report Q1, 2026 Results on Jul 28, 2025System Research Co.,Ltd. announced that they will report Q1, 2026 results on Jul 28, 2025分析記事 • May 15System ResearchLtd (TSE:3771) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfSystem Research Co.,Ltd. ( TSE:3771 ) just reported some strong earnings, and the market reacted accordingly with a...Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥132 (vs JP¥118 in FY 2024)Full year 2025 results: EPS: JP¥132 (up from JP¥118 in FY 2024). Revenue: JP¥25.9b (up 11% from FY 2024). Net income: JP¥2.19b (up 11% from FY 2024). Profit margin: 8.5% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 08System Research Co.,Ltd., Annual General Meeting, Jun 25, 2025System Research Co.,Ltd., Annual General Meeting, Jun 25, 2025.分析記事 • May 07System Research Co.,Ltd.'s (TSE:3771) Shares Leap 32% Yet They're Still Not Telling The Full StorySystem Research Co.,Ltd. ( TSE:3771 ) shares have had a really impressive month, gaining 32% after a shaky period...Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,644, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 19x in the Software industry in Japan. Total returns to shareholders of 95% over the past three years.Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to JP¥1,362. The fair value is estimated to be JP¥1,760, 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 3 years. Earnings per share has grown by 15%.Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).お知らせ • Mar 01System Research Co.,Ltd. to Report Fiscal Year 2025 Results on May 08, 2025System Research Co.,Ltd. announced that they will report fiscal year 2025 results on May 08, 2025分析記事 • Feb 18Even With A 26% Surge, Cautious Investors Are Not Rewarding System Research Co.,Ltd.'s (TSE:3771) Performance CompletelySystem Research Co.,Ltd. ( TSE:3771 ) shares have had a really impressive month, gaining 26% after a shaky period...Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥39.47 (vs JP¥34.46 in 3Q 2024)Third quarter 2025 results: EPS: JP¥39.47 (up from JP¥34.46 in 3Q 2024). Revenue: JP¥6.58b (up 11% from 3Q 2024). Net income: JP¥654.0m (up 14% from 3Q 2024). Profit margin: 9.9% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jan 20New 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 5.7% 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).New Risk • Jan 12New major risk - Financial data availabilityThe 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. This is currently the only risk that has been identified for the company.お知らせ • Nov 30System Research Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025System Research Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025分析記事 • Nov 04We Think That There Are More Issues For System ResearchLtd (TSE:3771) Than Just Sluggish EarningsSystem Research Co.,Ltd.'s ( TSE:3771 ) stock showed strength, with investors undeterred by its weak earnings report...Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥33.03 (vs JP¥31.77 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.03 (up from JP¥31.77 in 2Q 2024). Revenue: JP¥6.44b (up 12% from 2Q 2024). Net income: JP¥547.5m (up 3.1% from 2Q 2024). Profit margin: 8.5% (down from 9.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 27System Research Co.,Ltd. to Report Q2, 2025 Results on Oct 28, 2024System Research Co.,Ltd. announced that they will report Q2, 2025 results on Oct 28, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,260, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 34% over the past three years.Reported Earnings • Jul 28First quarter 2025 earnings released: EPS: JP¥21.18 (vs JP¥21.96 in 1Q 2024)First quarter 2025 results: EPS: JP¥21.18 (down from JP¥21.96 in 1Q 2024). Revenue: JP¥6.19b (up 11% from 1Q 2024). Net income: JP¥352.5m (down 4.0% from 1Q 2024). Profit margin: 5.7% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 02System Research Co.,Ltd. to Report Q1, 2025 Results on Jul 26, 2024System Research Co.,Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024お知らせ • May 10System Research Co.,Ltd., Annual General Meeting, Jun 25, 2024System Research Co.,Ltd., Annual General Meeting, Jun 25, 2024.Reported Earnings • May 09Full year 2024 earnings released: EPS: JP¥236 (vs JP¥95.78 in FY 2023)Full year 2024 results: EPS: JP¥236 (up from JP¥95.78 in FY 2023). Revenue: JP¥23.3b (up 8.2% from FY 2023). Net income: JP¥1.97b (up 23% from FY 2023). Profit margin: 8.4% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • May 09System Research Co.,Ltd. (TSE:3771) announces an Equity Buyback for 200,000 shares, representing 1.2% for ¥300 million.System Research Co.,Ltd. (TSE:3771) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.2% of its share capital, for ¥300 million. The shares will be repurchased at a price of ¥1,481 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on May 9, 2024. As of March 31, 2024, the company had 16,715,776 shares in issue (excluding treasury stock) and 4,224 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).お知らせ • Mar 02System Research Co.,Ltd. to Report Q4, 2024 Results on May 08, 2024System Research Co.,Ltd. announced that they will report Q4, 2024 results on May 08, 2024Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥68.92 (vs JP¥58.15 in 3Q 2023)Third quarter 2024 results: EPS: JP¥68.92 (up from JP¥58.15 in 3Q 2023). Revenue: JP¥5.93b (up 8.6% from 3Q 2023). Net income: JP¥576.0m (up 19% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 26% per year.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥3,500, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 120% over the past three years.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,968, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 91% over the past three years.お知らせ • Nov 29System Research Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024System Research Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024Reported Earnings • Oct 30Second quarter 2024 earnings released: EPS: JP¥63.53 (vs JP¥52.05 in 2Q 2023)Second quarter 2024 results: EPS: JP¥63.53 (up from JP¥52.05 in 2Q 2023). Revenue: JP¥5.75b (up 7.3% from 2Q 2023). Net income: JP¥531.0m (up 22% from 2Q 2023). Profit margin: 9.2% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.Buying Opportunity • Oct 13Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be JP¥3,897, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.お知らせ • Aug 27System Research Co.,Ltd. to Report Q2, 2024 Results on Oct 27, 2023System Research Co.,Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023お知らせ • Aug 10+ 1 more updateSystem Research Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024System Research Co.,Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects net sales of JPY 10,948 million, operating profit of JPY 803 million, profit attributable to owners of parent of JPY 580 million and basic earnings per share of JPY 69.41. For the year, the company expects net sales of JPY 23,815 million, operating profit of JPY 2,516 million, profit attributable to owners of parent of JPY 1,817 million and basic earnings per share of JPY 217.47.Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: JP¥43.91 (vs JP¥5.03 in 1Q 2023)First quarter 2024 results: EPS: JP¥43.91 (up from JP¥5.03 in 1Q 2023). Revenue: JP¥5.56b (up 8.3% from 1Q 2023). Net income: JP¥367.0m (up JP¥325.0m from 1Q 2023). Profit margin: 6.6% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.お知らせ • Jun 15System Research Co.,Ltd. to Report Q1, 2024 Results on Jul 28, 2023System Research Co.,Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥192 (vs JP¥179 in FY 2022)Full year 2023 results: EPS: JP¥192 (up from JP¥179 in FY 2022). Revenue: JP¥21.6b (up 17% from FY 2022). Net income: JP¥1.60b (up 7.3% from FY 2022). Profit margin: 7.4% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.お知らせ • May 11System Research Co.,Ltd., Annual General Meeting, Jun 23, 2023System Research Co.,Ltd., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥58.15 (vs JP¥48.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥58.15 (up from JP¥48.46 in 3Q 2022). Revenue: JP¥5.46b (up 17% from 3Q 2022). Net income: JP¥486.0m (up 20% from 3Q 2022). Profit margin: 8.9% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.お知らせ • Dec 04System Research Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023System Research Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥40.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥52.05 (up from JP¥40.20 in 2Q 2022). Revenue: JP¥5.36b (up 22% from 2Q 2022). Net income: JP¥435.0m (up 30% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Outside Independent Director Noboru Kondo was the last independent director to join the board, commencing their role in 2015. 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 • Oct 30Second quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥40.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥52.05 (up from JP¥40.20 in 2Q 2022). Revenue: JP¥5.36b (up 22% from 2Q 2022). Net income: JP¥435.0m (up 30% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Sep 01System Research Co.,Ltd. to Report Q2, 2023 Results on Oct 28, 2022System Research Co.,Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥5.03 (vs JP¥20.94 in 1Q 2022)First quarter 2023 results: EPS: JP¥5.03 (down from JP¥20.94 in 1Q 2022). Revenue: JP¥5.13b (up 25% from 1Q 2022). Net income: JP¥42.0m (down 76% from 1Q 2022). Profit margin: 0.8% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 29Now 22% undervaluedOver the last 90 days, the stock is up 4.8%. The fair value is estimated to be JP¥2,693, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 9.4%.お知らせ • May 29System Research Co.,Ltd. to Report Q1, 2023 Results on Jul 28, 2022System Research Co.,Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥179 (vs JP¥130 in FY 2021)Full year 2022 results: EPS: JP¥179 (up from JP¥130 in FY 2021). Revenue: JP¥18.4b (up 14% from FY 2021). Net income: JP¥1.49b (up 37% from FY 2021). Profit margin: 8.1% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.お知らせ • May 13System Research Co.,Ltd., Annual General Meeting, Jun 24, 2022System Research Co.,Ltd., Annual General Meeting, Jun 24, 2022. Agenda: AGM.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). External Director Noboru Kondo was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 07System Research Co.,Ltd. to Report Fiscal Year 2022 Results on May 11, 2022System Research Co.,Ltd. announced that they will report fiscal year 2022 results on May 11, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 02Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥48.46 (up from JP¥37.09 in 3Q 2021). Revenue: JP¥4.69b (up 19% from 3Q 2021). Net income: JP¥405.0m (up 31% from 3Q 2021). Profit margin: 8.6% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.お知らせ • Jan 09System Research Co.,Ltd. (TSE:3771) completed the acquisition of GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino.System Research Co.,Ltd. (TSE:3771) signed a share transfer agreement to acquire GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino for ¥1.2 billion on October 28, 2021. Kenji Takahashi sold 75.4% and Nobuyo Hoshino sold 24.6% in GSC Co.,Ltd. The transaction has also advisor fees of ¥3 million. The transaction has been approved by the board of directors of System Research Co.,Ltd. The transaction is expected to close on November 30, 2021. System Research Co.,Ltd. (TSE:3771) completed the acquisition of GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino on January 7, 2022.Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥40.20 (vs JP¥25.96 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.40b (up 13% from 2Q 2021). Net income: JP¥336.0m (up 55% from 2Q 2021). Profit margin: 7.6% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥20.94 (vs JP¥17.59 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.11b (up 6.3% from 1Q 2021). Net income: JP¥175.0m (up 19% from 1Q 2021). Profit margin: 4.3% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥130 (vs JP¥148 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥16.2b (flat on FY 2020). Net income: JP¥1.09b (down 12% from FY 2020). Profit margin: 6.7% (down from 7.6% in FY 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 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).お知らせ • Mar 05System Research Co.,Ltd. to Report Fiscal Year 2021 Results on May 11, 2021System Research Co.,Ltd. announced that they will report fiscal year 2021 results on May 11, 2021Is New 90 Day High Low • Feb 19New 90-day high: JP¥1,884The company is up 21% from its price of JP¥1,563 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period.Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥37.09 (vs JP¥38.65 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥3.95b (down 5.3% from 3Q 2020). Net income: JP¥310.0m (down 4.0% from 3Q 2020). Profit margin: 7.9% (up from 7.7% in 3Q 2020). The increase in margin was driven by lower expenses. 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 15% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 25New 90-day high: JP¥1,813The company is up 4.0% from its price of JP¥1,747 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period.お知らせ • Dec 17System Research Co.,Ltd. to Report Q3, 2021 Results on Jan 28, 2021System Research Co.,Ltd. announced that they will report Q3, 2021 results on Jan 28, 2021お知らせ • Sep 12System Research Co.,Ltd. to Report Q2, 2021 Results on Oct 28, 2020System Research Co.,Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020お知らせ • Jun 20System Research Co.,Ltd. to Report Q1, 2021 Results on Jul 28, 2020System Research Co.,Ltd. announced that they will report Q1, 2021 results on Jul 28, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、System ResearchLtd は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TSE:3771 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202528,1392,426N/AN/AN/A9/30/202527,4902,4157592,184N/A6/30/202526,6812,284N/AN/AN/A3/31/202525,9312,1948622,056N/A12/31/202425,2932,049N/AN/AN/A9/30/202424,6471,9719491,947N/A6/30/202423,9551,954N/AN/AN/A3/31/202423,3201,9691,5022,458N/A12/31/202322,8432,112N/AN/AN/A9/30/202322,3752,0221,7012,157N/A6/30/202321,9831,926N/AN/AN/A3/31/202321,5561,6011,5061,796N/A12/31/202221,1581,539N/AN/AN/A9/30/202220,3821,4581,2231,289N/A6/30/202219,4201,359N/AN/AN/A3/31/202218,4051,4921,2301,287N/A12/31/202117,6291,331N/AN/AN/A9/30/202116,8891,2361,0081,071N/A6/30/202116,4011,117N/AN/AN/A3/31/202116,1581,0899421,086N/A12/31/202016,1851,107N/AN/AN/A9/30/202016,4061,1201,5211,653N/A6/30/202016,6171,233N/AN/AN/A3/31/202016,2501,2371,2231,308N/A12/31/201915,8161,187N/AN/AN/A9/30/201915,1271,117N/A756N/A6/30/201914,514992N/AN/AN/A3/31/201914,151920N/A1,103N/A12/31/201813,870790N/AN/AN/A9/30/201813,518719N/A991N/A6/30/201813,082692N/AN/AN/A3/31/201812,716666N/A1,148N/A12/31/201712,209639N/AN/AN/A9/30/201711,922595N/A985N/A6/30/201711,815601N/AN/AN/A3/31/201711,539641N/A196N/A12/31/201611,233633N/AN/AN/A9/30/201610,921655N/A856N/A6/30/201610,720635N/AN/AN/A3/31/201610,465562N/A914N/A12/31/201510,503544N/AN/AN/A9/30/201510,315473N/A189N/A6/30/201510,131391N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3771の予測収益成長が 貯蓄率 ( 0.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 3771の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 3771の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 3771の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 3771の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 3771の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance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2026/05/07 08:22終値2026/05/07 00:00収益2025/12/31年間収益2025/03/31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System Research Co.,Ltd. 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。0
お知らせ • Aug 10+ 1 more updateSystem Research Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024System Research Co.,Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects net sales of JPY 10,948 million, operating profit of JPY 803 million, profit attributable to owners of parent of JPY 580 million and basic earnings per share of JPY 69.41. For the year, the company expects net sales of JPY 23,815 million, operating profit of JPY 2,516 million, profit attributable to owners of parent of JPY 1,817 million and basic earnings per share of JPY 217.47.
Buy Or Sell Opportunity • Apr 15Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to JP¥1,744. The fair value is estimated to be JP¥1,446, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 12%.
Buy Or Sell Opportunity • Mar 24Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to JP¥1,713. The fair value is estimated to be JP¥1,422, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 12%.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).
分析記事 • Feb 16System ResearchLtd's (TSE:3771) Shareholders Will Receive A Bigger Dividend Than Last YearSystem Research Co.,Ltd. ( TSE:3771 ) has announced that it will be increasing its dividend from last year's comparable...
分析記事 • Feb 02System ResearchLtd (TSE:3771) Is Increasing Its Dividend To ¥70.00System Research Co.,Ltd. ( TSE:3771 ) will increase its dividend on the 4th of June to ¥70.00, which is 17% higher than...
Reported Earnings • Jan 31Third quarter 2026 earnings released: EPS: JP¥40.04 (vs JP¥39.45 in 3Q 2025)Third quarter 2026 results: EPS: JP¥40.04 (up from JP¥39.45 in 3Q 2025). Revenue: JP¥7.23b (up 9.9% from 3Q 2025). Net income: JP¥664.0m (up 1.6% from 3Q 2025). Profit margin: 9.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 29System Research Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026System Research Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026
Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥40.98 (vs JP¥33.03 in 2Q 2025)Second quarter 2026 results: EPS: JP¥40.98 (up from JP¥33.03 in 2Q 2025). Revenue: JP¥7.25b (up 13% from 2Q 2025). Net income: JP¥679.3m (up 24% from 2Q 2025). Profit margin: 9.4% (up from 8.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Oct 30Dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 01System Research Co.,Ltd. to Report Q2, 2026 Results on Oct 28, 2025System Research Co.,Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025
Reported Earnings • Jul 30First quarter 2026 earnings released: EPS: JP¥26.66 (vs JP¥21.18 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.66 (up from JP¥21.18 in 1Q 2025). Revenue: JP¥6.94b (up 12% from 1Q 2025). Net income: JP¥441.7m (up 25% from 1Q 2025). Profit margin: 6.4% (up from 5.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jul 29Here's Why We Think System ResearchLtd (TSE:3771) Might Deserve Your Attention TodayIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
お知らせ • May 31System Research Co.,Ltd. to Report Q1, 2026 Results on Jul 28, 2025System Research Co.,Ltd. announced that they will report Q1, 2026 results on Jul 28, 2025
分析記事 • May 15System ResearchLtd (TSE:3771) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfSystem Research Co.,Ltd. ( TSE:3771 ) just reported some strong earnings, and the market reacted accordingly with a...
Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥132 (vs JP¥118 in FY 2024)Full year 2025 results: EPS: JP¥132 (up from JP¥118 in FY 2024). Revenue: JP¥25.9b (up 11% from FY 2024). Net income: JP¥2.19b (up 11% from FY 2024). Profit margin: 8.5% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 08System Research Co.,Ltd., Annual General Meeting, Jun 25, 2025System Research Co.,Ltd., Annual General Meeting, Jun 25, 2025.
分析記事 • May 07System Research Co.,Ltd.'s (TSE:3771) Shares Leap 32% Yet They're Still Not Telling The Full StorySystem Research Co.,Ltd. ( TSE:3771 ) shares have had a really impressive month, gaining 32% after a shaky period...
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,644, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 19x in the Software industry in Japan. Total returns to shareholders of 95% over the past three years.
Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.1% to JP¥1,362. The fair value is estimated to be JP¥1,760, 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 3 years. Earnings per share has grown by 15%.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
お知らせ • Mar 01System Research Co.,Ltd. to Report Fiscal Year 2025 Results on May 08, 2025System Research Co.,Ltd. announced that they will report fiscal year 2025 results on May 08, 2025
分析記事 • Feb 18Even With A 26% Surge, Cautious Investors Are Not Rewarding System Research Co.,Ltd.'s (TSE:3771) Performance CompletelySystem Research Co.,Ltd. ( TSE:3771 ) shares have had a really impressive month, gaining 26% after a shaky period...
Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥39.47 (vs JP¥34.46 in 3Q 2024)Third quarter 2025 results: EPS: JP¥39.47 (up from JP¥34.46 in 3Q 2024). Revenue: JP¥6.58b (up 11% from 3Q 2024). Net income: JP¥654.0m (up 14% from 3Q 2024). Profit margin: 9.9% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jan 20New 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 5.7% 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).
New Risk • Jan 12New major risk - Financial data availabilityThe 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. This is currently the only risk that has been identified for the company.
お知らせ • Nov 30System Research Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025System Research Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025
分析記事 • Nov 04We Think That There Are More Issues For System ResearchLtd (TSE:3771) Than Just Sluggish EarningsSystem Research Co.,Ltd.'s ( TSE:3771 ) stock showed strength, with investors undeterred by its weak earnings report...
Reported Earnings • Oct 29Second quarter 2025 earnings released: EPS: JP¥33.03 (vs JP¥31.77 in 2Q 2024)Second quarter 2025 results: EPS: JP¥33.03 (up from JP¥31.77 in 2Q 2024). Revenue: JP¥6.44b (up 12% from 2Q 2024). Net income: JP¥547.5m (up 3.1% from 2Q 2024). Profit margin: 8.5% (down from 9.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 27System Research Co.,Ltd. to Report Q2, 2025 Results on Oct 28, 2024System Research Co.,Ltd. announced that they will report Q2, 2025 results on Oct 28, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,260, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 34% over the past three years.
Reported Earnings • Jul 28First quarter 2025 earnings released: EPS: JP¥21.18 (vs JP¥21.96 in 1Q 2024)First quarter 2025 results: EPS: JP¥21.18 (down from JP¥21.96 in 1Q 2024). Revenue: JP¥6.19b (up 11% from 1Q 2024). Net income: JP¥352.5m (down 4.0% from 1Q 2024). Profit margin: 5.7% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 02System Research Co.,Ltd. to Report Q1, 2025 Results on Jul 26, 2024System Research Co.,Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024
お知らせ • May 10System Research Co.,Ltd., Annual General Meeting, Jun 25, 2024System Research Co.,Ltd., Annual General Meeting, Jun 25, 2024.
Reported Earnings • May 09Full year 2024 earnings released: EPS: JP¥236 (vs JP¥95.78 in FY 2023)Full year 2024 results: EPS: JP¥236 (up from JP¥95.78 in FY 2023). Revenue: JP¥23.3b (up 8.2% from FY 2023). Net income: JP¥1.97b (up 23% from FY 2023). Profit margin: 8.4% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • May 09System Research Co.,Ltd. (TSE:3771) announces an Equity Buyback for 200,000 shares, representing 1.2% for ¥300 million.System Research Co.,Ltd. (TSE:3771) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.2% of its share capital, for ¥300 million. The shares will be repurchased at a price of ¥1,481 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on May 9, 2024. As of March 31, 2024, the company had 16,715,776 shares in issue (excluding treasury stock) and 4,224 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
お知らせ • Mar 02System Research Co.,Ltd. to Report Q4, 2024 Results on May 08, 2024System Research Co.,Ltd. announced that they will report Q4, 2024 results on May 08, 2024
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥68.92 (vs JP¥58.15 in 3Q 2023)Third quarter 2024 results: EPS: JP¥68.92 (up from JP¥58.15 in 3Q 2023). Revenue: JP¥5.93b (up 8.6% from 3Q 2023). Net income: JP¥576.0m (up 19% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 26% per year.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥3,500, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 120% over the past three years.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,968, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 91% over the past three years.
お知らせ • Nov 29System Research Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024System Research Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
Reported Earnings • Oct 30Second quarter 2024 earnings released: EPS: JP¥63.53 (vs JP¥52.05 in 2Q 2023)Second quarter 2024 results: EPS: JP¥63.53 (up from JP¥52.05 in 2Q 2023). Revenue: JP¥5.75b (up 7.3% from 2Q 2023). Net income: JP¥531.0m (up 22% from 2Q 2023). Profit margin: 9.2% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.
Buying Opportunity • Oct 13Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be JP¥3,897, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 16%.
お知らせ • Aug 27System Research Co.,Ltd. to Report Q2, 2024 Results on Oct 27, 2023System Research Co.,Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023
お知らせ • Aug 10+ 1 more updateSystem Research Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024System Research Co.,Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects net sales of JPY 10,948 million, operating profit of JPY 803 million, profit attributable to owners of parent of JPY 580 million and basic earnings per share of JPY 69.41. For the year, the company expects net sales of JPY 23,815 million, operating profit of JPY 2,516 million, profit attributable to owners of parent of JPY 1,817 million and basic earnings per share of JPY 217.47.
Reported Earnings • Jul 29First quarter 2024 earnings released: EPS: JP¥43.91 (vs JP¥5.03 in 1Q 2023)First quarter 2024 results: EPS: JP¥43.91 (up from JP¥5.03 in 1Q 2023). Revenue: JP¥5.56b (up 8.3% from 1Q 2023). Net income: JP¥367.0m (up JP¥325.0m from 1Q 2023). Profit margin: 6.6% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year.
お知らせ • Jun 15System Research Co.,Ltd. to Report Q1, 2024 Results on Jul 28, 2023System Research Co.,Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023
Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥192 (vs JP¥179 in FY 2022)Full year 2023 results: EPS: JP¥192 (up from JP¥179 in FY 2022). Revenue: JP¥21.6b (up 17% from FY 2022). Net income: JP¥1.60b (up 7.3% from FY 2022). Profit margin: 7.4% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
お知らせ • May 11System Research Co.,Ltd., Annual General Meeting, Jun 23, 2023System Research Co.,Ltd., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥70.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
Reported Earnings • Feb 01Third quarter 2023 earnings released: EPS: JP¥58.15 (vs JP¥48.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥58.15 (up from JP¥48.46 in 3Q 2022). Revenue: JP¥5.46b (up 17% from 3Q 2022). Net income: JP¥486.0m (up 20% from 3Q 2022). Profit margin: 8.9% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Dec 04System Research Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023System Research Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥40.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥52.05 (up from JP¥40.20 in 2Q 2022). Revenue: JP¥5.36b (up 22% from 2Q 2022). Net income: JP¥435.0m (up 30% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Outside Independent Director Noboru Kondo was the last independent director to join the board, commencing their role in 2015. 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 • Oct 30Second quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥40.20 in 2Q 2022)Second quarter 2023 results: EPS: JP¥52.05 (up from JP¥40.20 in 2Q 2022). Revenue: JP¥5.36b (up 22% from 2Q 2022). Net income: JP¥435.0m (up 30% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Sep 01System Research Co.,Ltd. to Report Q2, 2023 Results on Oct 28, 2022System Research Co.,Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022
Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥5.03 (vs JP¥20.94 in 1Q 2022)First quarter 2023 results: EPS: JP¥5.03 (down from JP¥20.94 in 1Q 2022). Revenue: JP¥5.13b (up 25% from 1Q 2022). Net income: JP¥42.0m (down 76% from 1Q 2022). Profit margin: 0.8% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 29Now 22% undervaluedOver the last 90 days, the stock is up 4.8%. The fair value is estimated to be JP¥2,693, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 9.4%.
お知らせ • May 29System Research Co.,Ltd. to Report Q1, 2023 Results on Jul 28, 2022System Research Co.,Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022
Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥179 (vs JP¥130 in FY 2021)Full year 2022 results: EPS: JP¥179 (up from JP¥130 in FY 2021). Revenue: JP¥18.4b (up 14% from FY 2021). Net income: JP¥1.49b (up 37% from FY 2021). Profit margin: 8.1% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year.
お知らせ • May 13System Research Co.,Ltd., Annual General Meeting, Jun 24, 2022System Research Co.,Ltd., Annual General Meeting, Jun 24, 2022. Agenda: AGM.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). External Director Noboru Kondo was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 07System Research Co.,Ltd. to Report Fiscal Year 2022 Results on May 11, 2022System Research Co.,Ltd. announced that they will report fiscal year 2022 results on May 11, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 02Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥48.46 (up from JP¥37.09 in 3Q 2021). Revenue: JP¥4.69b (up 19% from 3Q 2021). Net income: JP¥405.0m (up 31% from 3Q 2021). Profit margin: 8.6% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Jan 09System Research Co.,Ltd. (TSE:3771) completed the acquisition of GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino.System Research Co.,Ltd. (TSE:3771) signed a share transfer agreement to acquire GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino for ¥1.2 billion on October 28, 2021. Kenji Takahashi sold 75.4% and Nobuyo Hoshino sold 24.6% in GSC Co.,Ltd. The transaction has also advisor fees of ¥3 million. The transaction has been approved by the board of directors of System Research Co.,Ltd. The transaction is expected to close on November 30, 2021. System Research Co.,Ltd. (TSE:3771) completed the acquisition of GSC Co.,Ltd. from Kenji Takahashi and Nobuyo Hoshino on January 7, 2022.
Reported Earnings • Oct 29Second quarter 2022 earnings released: EPS JP¥40.20 (vs JP¥25.96 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.40b (up 13% from 2Q 2021). Net income: JP¥336.0m (up 55% from 2Q 2021). Profit margin: 7.6% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31First quarter 2022 earnings released: EPS JP¥20.94 (vs JP¥17.59 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.11b (up 6.3% from 1Q 2021). Net income: JP¥175.0m (up 19% from 1Q 2021). Profit margin: 4.3% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥130 (vs JP¥148 in FY 2020)The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥16.2b (flat on FY 2020). Net income: JP¥1.09b (down 12% from FY 2020). Profit margin: 6.7% (down from 7.6% in FY 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 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).
お知らせ • Mar 05System Research Co.,Ltd. to Report Fiscal Year 2021 Results on May 11, 2021System Research Co.,Ltd. announced that they will report fiscal year 2021 results on May 11, 2021
Is New 90 Day High Low • Feb 19New 90-day high: JP¥1,884The company is up 21% from its price of JP¥1,563 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period.
Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥37.09 (vs JP¥38.65 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥3.95b (down 5.3% from 3Q 2020). Net income: JP¥310.0m (down 4.0% from 3Q 2020). Profit margin: 7.9% (up from 7.7% in 3Q 2020). The increase in margin was driven by lower expenses. 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 15% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 25New 90-day high: JP¥1,813The company is up 4.0% from its price of JP¥1,747 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period.
お知らせ • Dec 17System Research Co.,Ltd. to Report Q3, 2021 Results on Jan 28, 2021System Research Co.,Ltd. announced that they will report Q3, 2021 results on Jan 28, 2021
お知らせ • Sep 12System Research Co.,Ltd. to Report Q2, 2021 Results on Oct 28, 2020System Research Co.,Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020
お知らせ • Jun 20System Research Co.,Ltd. to Report Q1, 2021 Results on Jul 28, 2020System Research Co.,Ltd. announced that they will report Q1, 2021 results on Jul 28, 2020