View Future GrowthSystem Integrator 過去の業績過去 基準チェック /16System Integratorの収益は年間平均-21.4%の割合で減少していますが、 Software業界の収益は年間 増加しています。収益は年間12% 16.6%割合で 増加しています。 System Integratorの自己資本利益率は10.3%であり、純利益率は8.2%です。主要情報-21.44%収益成長率-21.44%EPS成長率Software 業界の成長12.13%収益成長率16.57%株主資本利益率10.26%ネット・マージン8.24%前回の決算情報28 Feb 2026最近の業績更新Reported Earnings • Apr 16Full year 2026 earnings released: EPS: JP¥41.95 (vs JP¥53.40 in FY 2025)Full year 2026 results: EPS: JP¥41.95 (down from JP¥53.40 in FY 2025). Revenue: JP¥5.56b (up 17% from FY 2025). Net income: JP¥458.0m (down 21% from FY 2025). Profit margin: 8.2% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses.お知らせ • Apr 07System Integrator Corp. to Report Fiscal Year 2026 Results on Apr 14, 2026System Integrator Corp. announced that they will report fiscal year 2026 results on Apr 14, 2026Reported Earnings • Jan 15Third quarter 2026 earnings released: EPS: JP¥12.37 (vs JP¥37.55 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.37 (down from JP¥37.55 in 3Q 2025). Revenue: JP¥1.42b (up 10% from 3Q 2025). Net income: JP¥135.0m (down 67% from 3Q 2025). Profit margin: 9.5% (down from 32% in 3Q 2025).お知らせ • Nov 03System Integrator Corp. to Report Q3, 2026 Results on Jan 14, 2026System Integrator Corp. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 14, 2026分析記事 • Oct 27System Integrator's (TSE:3826) Earnings Might Be Weaker Than You ThinkSolid profit numbers didn't seem to be enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders. We think...Reported Earnings • Oct 16Second quarter 2026 earnings released: EPS: JP¥16.30 (vs JP¥37.55 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.30 (down from JP¥37.55 in 2Q 2025). Revenue: JP¥1.45b (up 12% from 2Q 2025). Net income: JP¥178.0m (down 57% from 2Q 2025). Profit margin: 12% (down from 32% in 2Q 2025).すべての更新を表示Recent updatesReported Earnings • Apr 16Full year 2026 earnings released: EPS: JP¥41.95 (vs JP¥53.40 in FY 2025)Full year 2026 results: EPS: JP¥41.95 (down from JP¥53.40 in FY 2025). Revenue: JP¥5.56b (up 17% from FY 2025). Net income: JP¥458.0m (down 21% from FY 2025). Profit margin: 8.2% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses.お知らせ • Apr 14System Integrator Corp., Annual General Meeting, May 28, 2026System Integrator Corp., Annual General Meeting, May 28, 2026.お知らせ • Apr 07System Integrator Corp. to Report Fiscal Year 2026 Results on Apr 14, 2026System Integrator Corp. announced that they will report fiscal year 2026 results on Apr 14, 2026Buy Or Sell Opportunity • Feb 26Now 20% undervaluedOver the last 90 days, the stock has risen 11% to JP¥506. The fair value is estimated to be JP¥634, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Upcoming Dividend • Feb 19Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 7.3% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.2%).Buy Or Sell Opportunity • Feb 02Now 20% undervaluedOver the last 90 days, the stock has risen 9.1% to JP¥504. The fair value is estimated to be JP¥632, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buy Or Sell Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock has risen 3.5% to JP¥500. The fair value is estimated to be JP¥628, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Jan 15Third quarter 2026 earnings released: EPS: JP¥12.37 (vs JP¥37.55 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.37 (down from JP¥37.55 in 3Q 2025). Revenue: JP¥1.42b (up 10% from 3Q 2025). Net income: JP¥135.0m (down 67% from 3Q 2025). Profit margin: 9.5% (down from 32% in 3Q 2025).お知らせ • Nov 03System Integrator Corp. to Report Q3, 2026 Results on Jan 14, 2026System Integrator Corp. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 14, 2026分析記事 • Oct 27System Integrator's (TSE:3826) Earnings Might Be Weaker Than You ThinkSolid profit numbers didn't seem to be enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders. We think...Buy Or Sell Opportunity • Oct 24Now 21% undervaluedOver the last 90 days, the stock has risen 13% to JP¥490. The fair value is estimated to be JP¥621, however this is not to be taken as a buy recommendation but rather should be used as a guide only.分析記事 • Oct 22Investors Met With Slowing Returns on Capital At System Integrator (TSE:3826)If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Reported Earnings • Oct 16Second quarter 2026 earnings released: EPS: JP¥16.30 (vs JP¥37.55 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.30 (down from JP¥37.55 in 2Q 2025). Revenue: JP¥1.45b (up 12% from 2Q 2025). Net income: JP¥178.0m (down 57% from 2Q 2025). Profit margin: 12% (down from 32% in 2Q 2025).お知らせ • Jul 29System Integrator Corp. to Report Q2, 2026 Results on Oct 15, 2025System Integrator Corp. announced that they will report Q2, 2026 results on Oct 15, 2025Reported Earnings • Jul 17First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: (down JP¥410.0m from profit in 1Q 2025).お知らせ • Apr 26System Integrator Corp. to Report Q1, 2026 Results on Jul 15, 2025System Integrator Corp. announced that they will report Q1, 2026 results on Jul 15, 2025分析記事 • Apr 23System Integrator (TSE:3826) Is Posting Solid Earnings, But It Is Not All Good NewsSystem Integrator Corp. ( TSE:3826 ) posted some decent earnings, but shareholders didn't react strongly. Our analysis...New Risk • Apr 23New minor risk - Financial data availabilityLess than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (199% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥4.01b market cap, or US$28.2m).New Risk • Apr 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 125% 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 (125% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (JP¥3.91b market cap, or US$27.4m).Reported Earnings • Apr 15Full year 2025 earnings released: EPS: JP¥53.40 (vs JP¥86.47 in FY 2024)Full year 2025 results: EPS: JP¥53.40 (down from JP¥86.47 in FY 2024). Revenue: JP¥4.77b (down 1.4% from FY 2024). Net income: JP¥583.0m (down 38% from FY 2024). Profit margin: 12% (down from 20% in FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Apr 14System Integrator Corp., Annual General Meeting, May 28, 2025System Integrator Corp., Annual General Meeting, May 28, 2025.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥364, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 19x in the Software industry in Japan. Total loss to shareholders of 20% over the past three years.分析記事 • Apr 13Sentiment Still Eluding System Integrator Corp. (TSE:3826)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 13x, you may consider System...New Risk • Mar 11New 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 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.91b market cap, or US$26.5m).分析記事 • Mar 08System Integrator (TSE:3826) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Feb 27System Integrator Corp. to Report Fiscal Year 2025 Results on Apr 14, 2025System Integrator Corp. announced that they will report fiscal year 2025 results on Apr 14, 2025Upcoming Dividend • Feb 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 29 May 2025. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥364, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 29% over the past three years.Reported Earnings • Jan 15Third quarter 2025 earnings released: EPS: JP¥8.98 (vs JP¥5.59 in 3Q 2024)Third quarter 2025 results: EPS: JP¥8.98 (up from JP¥5.59 in 3Q 2024). Revenue: JP¥1.25b (flat on 3Q 2024). Net income: JP¥98.0m (up 61% from 3Q 2024). Profit margin: 7.8% (up from 4.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Jan 10AtCoder Inc. agreed to acquire TOPSIC business of System Integrator Corp. from System Integrator Corp. (TSE:3826).AtCoder Inc. agreed to acquire TOPSIC business of System Integrator Corp. from System Integrator Corp. (TSE:3826) on January 6, 2025. The expected completion of the transaction is February 28, 2025.お知らせ • Nov 27System Integrator Corp. to Report Q3, 2025 Results on Jan 14, 2025System Integrator Corp. announced that they will report Q3, 2025 results on Jan 14, 2025分析記事 • Oct 22System Integrator's (TSE:3826) Profits May Be Overstating Its True Earnings PotentialShareholders didn't seem to be thrilled with System Integrator Corp.'s ( TSE:3826 ) recent earnings report, despite...Reported Earnings • Oct 18Second quarter 2025 earnings released: EPS: JP¥7.60 (vs JP¥9.80 in 2Q 2024)Second quarter 2025 results: EPS: JP¥7.60 (down from JP¥9.80 in 2Q 2024). Revenue: JP¥1.20b (down 8.6% from 2Q 2024). Net income: JP¥83.0m (down 22% from 2Q 2024). Profit margin: 6.9% (down from 8.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Sep 20New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.61b market cap, or US$25.4m).分析記事 • Aug 22Estimating The Intrinsic Value Of System Integrator Corp. (TSE:3826)Key Insights The projected fair value for System Integrator is JP¥350 based on 2 Stage Free Cash Flow to Equity System...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥297, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 48% over the past three years.お知らせ • Jul 27System Integrator Corp. to Report Q2, 2025 Results on Oct 15, 2024System Integrator Corp. announced that they will report Q2, 2025 results on Oct 15, 2024Reported Earnings • Jul 18First quarter 2025 earnings released: JP¥0.73 loss per share (vs JP¥9.07 profit in 1Q 2024)First quarter 2025 results: JP¥0.73 loss per share (down from JP¥9.07 profit in 1Q 2024). Revenue: JP¥1.03b (down 7.5% from 1Q 2024). Net loss: JP¥8.00m (down 108% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Jun 01Full year 2024 earnings released: EPS: JP¥86.47 (vs JP¥25.61 in FY 2023)Full year 2024 results: EPS: JP¥86.47 (up from JP¥25.61 in FY 2023). Revenue: JP¥4.84b (up 7.8% from FY 2023). Net income: JP¥944.0m (up 237% from FY 2023). Profit margin: 20% (up from 6.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Apr 29System Integrator Corp. to Report Q1, 2025 Results on Jul 12, 2024System Integrator Corp. announced that they will report Q1, 2025 results on Jul 12, 2024分析記事 • Apr 23System Integrator (TSE:3826) Is Posting Healthy Earnings, But It Is Not All Good NewsStrong earnings weren't enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders over the last week. We did...お知らせ • Apr 17System Integrator Corp., Annual General Meeting, May 28, 2024System Integrator Corp., Annual General Meeting, May 28, 2024.New Risk • Apr 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% 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 Risks Earnings have declined by 1.6% per year over the past 5 years. High level of non-cash earnings (101% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥4.30b market cap, or US$27.8m).Reported Earnings • Apr 16Full year 2024 earnings released: EPS: JP¥86.47 (vs JP¥25.61 in FY 2023)Full year 2024 results: EPS: JP¥86.47 (up from JP¥25.61 in FY 2023). Revenue: JP¥4.84b (up 7.8% from FY 2023). Net income: JP¥944.0m (up 237% from FY 2023). Profit margin: 20% (up from 6.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 21Inaugural dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. This is the first dividend for System Integrator since going public. The average dividend yield among industry peers is 1.5%.お知らせ • Jan 31System Integrator Corp. to Report Fiscal Year 2024 Results on Apr 15, 2024System Integrator Corp. announced that they will report fiscal year 2024 results on Apr 15, 2024Reported Earnings • Jan 16Third quarter 2024 earnings released: EPS: JP¥5.59 (vs JP¥3.94 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.59 (up from JP¥3.94 in 3Q 2023). Revenue: JP¥1.25b (up 23% from 3Q 2023). Net income: JP¥61.0m (up 42% from 3Q 2023). Profit margin: 4.9% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Oct 29System Integrator Corp. to Report Q3, 2024 Results on Jan 15, 2024System Integrator Corp. announced that they will report Q3, 2024 results on Jan 15, 2024Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥9.80 (vs JP¥7.33 in 2Q 2023)Second quarter 2024 results: EPS: JP¥9.80 (up from JP¥7.33 in 2Q 2023). Revenue: JP¥1.31b (up 15% from 2Q 2023). Net income: JP¥107.0m (up 34% from 2Q 2023). Profit margin: 8.2% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 03System Integrator Corp. to Report Q2, 2024 Results on Oct 31, 2023System Integrator Corp. announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Jul 16First quarter 2024 earnings released: EPS: JP¥9.07 (vs JP¥0.05 in 1Q 2023)First quarter 2024 results: EPS: JP¥9.07 (up from JP¥0.05 in 1Q 2023). Revenue: JP¥1.11b (up 7.5% from 1Q 2023). Net income: JP¥99.0m (up JP¥99.0m from 1Q 2023). Profit margin: 8.9% (up from 0% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 30Full year 2023 earnings released: EPS: JP¥25.61 (vs JP¥35.50 in FY 2022)Full year 2023 results: EPS: JP¥25.61 (down from JP¥35.50 in FY 2022). Revenue: JP¥4.49b (down 6.9% from FY 2022). Net income: JP¥280.0m (down 28% from FY 2022). Profit margin: 6.2% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • May 28System Integrator Corp. to Report Q1, 2024 Results on Jul 14, 2023System Integrator Corp. announced that they will report Q1, 2024 results on Jul 14, 2023Reported Earnings • Apr 16Full year 2023 earnings released: EPS: JP¥25.61 (vs JP¥35.50 in FY 2022)Full year 2023 results: EPS: JP¥25.61 (down from JP¥35.50 in FY 2022). Revenue: JP¥4.49b (down 6.9% from FY 2022). Net income: JP¥280.0m (down 28% from FY 2022). Profit margin: 6.2% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.Upcoming Dividend • Feb 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.8%.お知らせ • Feb 03System Integrator Corp. to Report Fiscal Year 2022 Results on Apr 14, 2023System Integrator Corp. announced that they will report fiscal year 2022 results on Apr 14, 2023Reported Earnings • Jan 14Third quarter 2023 earnings released: EPS: JP¥3.94 (vs JP¥10.98 in 3Q 2022)Third quarter 2023 results: EPS: JP¥3.94 (down from JP¥10.98 in 3Q 2022). Revenue: JP¥1.02b (down 19% from 3Q 2022). Net income: JP¥43.0m (down 65% from 3Q 2022). Profit margin: 4.2% (down from 9.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 30System Integrator Corp. to Report Q3, 2023 Results on Jan 13, 2023System Integrator Corp. announced that they will report Q3, 2023 results on Jan 13, 2023Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Audit & Supervisory Board Member Akira Tanaka was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 17Second quarter 2023 earnings released: EPS: JP¥7.33 (vs JP¥8.81 in 2Q 2022)Second quarter 2023 results: EPS: JP¥7.33 (down from JP¥8.81 in 2Q 2022). Revenue: JP¥1.14b (down 17% from 2Q 2022). Net income: JP¥80.0m (down 18% from 2Q 2022). Profit margin: 7.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 31System Integrator Corp. to Report Q2, 2023 Results on Oct 14, 2022System Integrator Corp. announced that they will report Q2, 2023 results on Oct 14, 2022Reported Earnings • Jul 17First quarter 2023 earnings released: EPS: JP¥0.05 (vs JP¥9.90 in 1Q 2022)First quarter 2023 results: EPS: JP¥0.05 (down from JP¥9.90 in 1Q 2022). Revenue: JP¥1.03b (down 4.8% from 1Q 2022). Net income: JP¥0 (down JP¥109.0m from profit in 1Q 2022). Profit margin: 0% (down from 10.0% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year.Reported Earnings • May 29Full year 2022 earnings released: EPS: JP¥35.50 (vs JP¥26.62 in FY 2021)Full year 2022 results: EPS: JP¥35.50 (up from JP¥26.62 in FY 2021). Revenue: JP¥4.82b (up 13% from FY 2021). Net income: JP¥391.0m (up 33% from FY 2021). Profit margin: 8.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.お知らせ • May 13System Integrator Corp. to Report Q1, 2023 Results on Jul 14, 2022System Integrator Corp. announced that they will report Q1, 2023 results on Jul 14, 2022Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Audit & Supervisory Board Member Akira Tanaka was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 25System Integrator Corp. (TSE:3826) announces an Equity Buyback for 100,000 shares, representing 0.91% for ¥50 million.System Integrator Corp. (TSE:3826) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.91% of its issued share capital for total worth of ¥50 million. The purpose of the program is to return profits to shareholders, utilize it in incentive plans, and implement agile capital policies according to the future business environment. The program will run till May 13, 2022. As of February 28, 2022, the company had 11,017,719 shares in issue (excluding treasury stock) and 60,681 shares in treasury.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥475, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 26% over the past three years.お知らせ • Apr 16System Integrator Corp., Annual General Meeting, May 24, 2022System Integrator Corp., Annual General Meeting, May 24, 2022.Reported Earnings • Apr 15Full year 2022 earnings released: EPS: JP¥35.50 (vs JP¥26.62 in FY 2021)Full year 2022 results: EPS: JP¥35.50 (up from JP¥26.62 in FY 2021). Revenue: JP¥4.82b (up 13% from FY 2021). Net income: JP¥391.0m (up 33% from FY 2021). Profit margin: 8.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Feb 18Inaugural dividend of JP¥13.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 26 May 2022. The company is not currently making a profit but it is cash flow positive. The company last paid an ordinary dividend in January 2012. The average dividend yield among industry peers is 1.7%.お知らせ • Feb 10System Integrator Corp. to Report Fiscal Year 2021 Results on Apr 14, 2022System Integrator Corp. announced that they will report fiscal year 2021 results on Apr 14, 2022Buying Opportunity • Jan 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be JP¥625, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.Reported Earnings • Jan 16Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥10.98 (up from JP¥4.82 in 3Q 2021). Revenue: JP¥1.25b (up 33% from 3Q 2021). Net income: JP¥121.0m (up 128% from 3Q 2021). Profit margin: 9.6% (up from 5.6% 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 fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 15Second quarter 2022 earnings released: EPS JP¥8.81 (vs JP¥4.91 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.38b (up 11% from 2Q 2021). Net income: JP¥97.0m (up 80% from 2Q 2021). Profit margin: 7.0% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 15Second quarter 2022 earnings released: EPS JP¥8.81 (vs JP¥4.91 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.38b (up 11% from 2Q 2021). Net income: JP¥97.0m (up 80% from 2Q 2021). Profit margin: 7.0% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 16First quarter 2022 earnings released: EPS JP¥9.90 (vs JP¥4.09 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.09b (up 19% from 1Q 2021). Net income: JP¥109.0m (up 142% from 1Q 2021). Profit margin: 10.0% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • May 29Full year 2021 earnings released: EPS JP¥26.62 (vs JP¥41.57 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.26b (down 6.5% from FY 2020). Net income: JP¥293.0m (down 36% from FY 2020). Profit margin: 6.9% (down from 10% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • Apr 16Full year 2021 earnings released: EPS JP¥26.62 (vs JP¥41.57 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.26b (down 6.5% from FY 2020). Net income: JP¥293.0m (down 36% from FY 2020). Profit margin: 6.9% (down from 10% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Feb 03System Integrator Corp. to Report Fiscal Year 2021 Results on Apr 14, 2021System Integrator Corp. announced that they will report fiscal year 2021 results on Apr 14, 2021Is New 90 Day High Low • Jan 29New 90-day low: JP¥595The company is down 14% from its price of JP¥694 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period.Reported Earnings • Jan 15Third quarter 2021 earnings released: EPS JP¥4.82The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥945.0m (down 24% from 3Q 2020). Net income: JP¥53.0m (down 52% from 3Q 2020). Profit margin: 5.6% (down from 8.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Dec 22New 90-day low: JP¥613The company is down 16% from its price of JP¥729 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.Is New 90 Day High Low • Dec 04New 90-day low: JP¥652The company is down 9.0% from its price of JP¥719 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period.お知らせ • Aug 15System Integrator Corp. to Report Q2, 2021 Results on Oct 09, 2020System Integrator Corp. announced that they will report Q2, 2021 results on Oct 09, 2020収支内訳System Integrator の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:3826 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費28 Feb 265,5584581,2207030 Nov 255,4347511,1789831 Aug 255,2657141,1389831 May 255,0176191,1379828 Feb 254,7685831,15098質の高い収益: 3826は 高品質の収益 を持っています。利益率の向上: 3826の現在の純利益率 (8.2%)は、昨年(12.2%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3826は株式公開されてから 3 年未満しか経っていないため、過去 5 年間の前年比収益成長率がプラスであったかどうかを判断できません。成長の加速: 3826は株式公開されてから 3 年未満であるため、過去 1 年間の収益成長を 5 年間の平均と比較することはできません。収益対業界: 3826は過去 1 年間で収益成長率がマイナス ( -21.4% ) となったため、 Software業界平均 ( 18.8% ) と比較することが困難です。株主資本利益率高いROE: 3826の 自己資本利益率 ( 10.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health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 12:31終値2026/05/07 00:00収益2026/02/28年間収益2026/02/28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 Integrator Corp. 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
Reported Earnings • Apr 16Full year 2026 earnings released: EPS: JP¥41.95 (vs JP¥53.40 in FY 2025)Full year 2026 results: EPS: JP¥41.95 (down from JP¥53.40 in FY 2025). Revenue: JP¥5.56b (up 17% from FY 2025). Net income: JP¥458.0m (down 21% from FY 2025). Profit margin: 8.2% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses.
お知らせ • Apr 07System Integrator Corp. to Report Fiscal Year 2026 Results on Apr 14, 2026System Integrator Corp. announced that they will report fiscal year 2026 results on Apr 14, 2026
Reported Earnings • Jan 15Third quarter 2026 earnings released: EPS: JP¥12.37 (vs JP¥37.55 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.37 (down from JP¥37.55 in 3Q 2025). Revenue: JP¥1.42b (up 10% from 3Q 2025). Net income: JP¥135.0m (down 67% from 3Q 2025). Profit margin: 9.5% (down from 32% in 3Q 2025).
お知らせ • Nov 03System Integrator Corp. to Report Q3, 2026 Results on Jan 14, 2026System Integrator Corp. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 14, 2026
分析記事 • Oct 27System Integrator's (TSE:3826) Earnings Might Be Weaker Than You ThinkSolid profit numbers didn't seem to be enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders. We think...
Reported Earnings • Oct 16Second quarter 2026 earnings released: EPS: JP¥16.30 (vs JP¥37.55 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.30 (down from JP¥37.55 in 2Q 2025). Revenue: JP¥1.45b (up 12% from 2Q 2025). Net income: JP¥178.0m (down 57% from 2Q 2025). Profit margin: 12% (down from 32% in 2Q 2025).
Reported Earnings • Apr 16Full year 2026 earnings released: EPS: JP¥41.95 (vs JP¥53.40 in FY 2025)Full year 2026 results: EPS: JP¥41.95 (down from JP¥53.40 in FY 2025). Revenue: JP¥5.56b (up 17% from FY 2025). Net income: JP¥458.0m (down 21% from FY 2025). Profit margin: 8.2% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses.
お知らせ • Apr 14System Integrator Corp., Annual General Meeting, May 28, 2026System Integrator Corp., Annual General Meeting, May 28, 2026.
お知らせ • Apr 07System Integrator Corp. to Report Fiscal Year 2026 Results on Apr 14, 2026System Integrator Corp. announced that they will report fiscal year 2026 results on Apr 14, 2026
Buy Or Sell Opportunity • Feb 26Now 20% undervaluedOver the last 90 days, the stock has risen 11% to JP¥506. The fair value is estimated to be JP¥634, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Upcoming Dividend • Feb 19Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 7.3% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.2%).
Buy Or Sell Opportunity • Feb 02Now 20% undervaluedOver the last 90 days, the stock has risen 9.1% to JP¥504. The fair value is estimated to be JP¥632, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buy Or Sell Opportunity • Jan 16Now 20% undervaluedOver the last 90 days, the stock has risen 3.5% to JP¥500. The fair value is estimated to be JP¥628, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Jan 15Third quarter 2026 earnings released: EPS: JP¥12.37 (vs JP¥37.55 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.37 (down from JP¥37.55 in 3Q 2025). Revenue: JP¥1.42b (up 10% from 3Q 2025). Net income: JP¥135.0m (down 67% from 3Q 2025). Profit margin: 9.5% (down from 32% in 3Q 2025).
お知らせ • Nov 03System Integrator Corp. to Report Q3, 2026 Results on Jan 14, 2026System Integrator Corp. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 14, 2026
分析記事 • Oct 27System Integrator's (TSE:3826) Earnings Might Be Weaker Than You ThinkSolid profit numbers didn't seem to be enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders. We think...
Buy Or Sell Opportunity • Oct 24Now 21% undervaluedOver the last 90 days, the stock has risen 13% to JP¥490. The fair value is estimated to be JP¥621, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
分析記事 • Oct 22Investors Met With Slowing Returns on Capital At System Integrator (TSE:3826)If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Reported Earnings • Oct 16Second quarter 2026 earnings released: EPS: JP¥16.30 (vs JP¥37.55 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.30 (down from JP¥37.55 in 2Q 2025). Revenue: JP¥1.45b (up 12% from 2Q 2025). Net income: JP¥178.0m (down 57% from 2Q 2025). Profit margin: 12% (down from 32% in 2Q 2025).
お知らせ • Jul 29System Integrator Corp. to Report Q2, 2026 Results on Oct 15, 2025System Integrator Corp. announced that they will report Q2, 2026 results on Oct 15, 2025
Reported Earnings • Jul 17First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: (down JP¥410.0m from profit in 1Q 2025).
お知らせ • Apr 26System Integrator Corp. to Report Q1, 2026 Results on Jul 15, 2025System Integrator Corp. announced that they will report Q1, 2026 results on Jul 15, 2025
分析記事 • Apr 23System Integrator (TSE:3826) Is Posting Solid Earnings, But It Is Not All Good NewsSystem Integrator Corp. ( TSE:3826 ) posted some decent earnings, but shareholders didn't react strongly. Our analysis...
New Risk • Apr 23New minor risk - Financial data availabilityLess than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (199% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥4.01b market cap, or US$28.2m).
New Risk • Apr 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 125% 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 (125% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (JP¥3.91b market cap, or US$27.4m).
Reported Earnings • Apr 15Full year 2025 earnings released: EPS: JP¥53.40 (vs JP¥86.47 in FY 2024)Full year 2025 results: EPS: JP¥53.40 (down from JP¥86.47 in FY 2024). Revenue: JP¥4.77b (down 1.4% from FY 2024). Net income: JP¥583.0m (down 38% from FY 2024). Profit margin: 12% (down from 20% in FY 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Apr 14System Integrator Corp., Annual General Meeting, May 28, 2025System Integrator Corp., Annual General Meeting, May 28, 2025.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥364, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 19x in the Software industry in Japan. Total loss to shareholders of 20% over the past three years.
分析記事 • Apr 13Sentiment Still Eluding System Integrator Corp. (TSE:3826)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 13x, you may consider System...
New Risk • Mar 11New 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 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.91b market cap, or US$26.5m).
分析記事 • Mar 08System Integrator (TSE:3826) Will Want To Turn Around Its Return TrendsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Feb 27System Integrator Corp. to Report Fiscal Year 2025 Results on Apr 14, 2025System Integrator Corp. announced that they will report fiscal year 2025 results on Apr 14, 2025
Upcoming Dividend • Feb 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 29 May 2025. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥364, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 29% over the past three years.
Reported Earnings • Jan 15Third quarter 2025 earnings released: EPS: JP¥8.98 (vs JP¥5.59 in 3Q 2024)Third quarter 2025 results: EPS: JP¥8.98 (up from JP¥5.59 in 3Q 2024). Revenue: JP¥1.25b (flat on 3Q 2024). Net income: JP¥98.0m (up 61% from 3Q 2024). Profit margin: 7.8% (up from 4.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Jan 10AtCoder Inc. agreed to acquire TOPSIC business of System Integrator Corp. from System Integrator Corp. (TSE:3826).AtCoder Inc. agreed to acquire TOPSIC business of System Integrator Corp. from System Integrator Corp. (TSE:3826) on January 6, 2025. The expected completion of the transaction is February 28, 2025.
お知らせ • Nov 27System Integrator Corp. to Report Q3, 2025 Results on Jan 14, 2025System Integrator Corp. announced that they will report Q3, 2025 results on Jan 14, 2025
分析記事 • Oct 22System Integrator's (TSE:3826) Profits May Be Overstating Its True Earnings PotentialShareholders didn't seem to be thrilled with System Integrator Corp.'s ( TSE:3826 ) recent earnings report, despite...
Reported Earnings • Oct 18Second quarter 2025 earnings released: EPS: JP¥7.60 (vs JP¥9.80 in 2Q 2024)Second quarter 2025 results: EPS: JP¥7.60 (down from JP¥9.80 in 2Q 2024). Revenue: JP¥1.20b (down 8.6% from 2Q 2024). Net income: JP¥83.0m (down 22% from 2Q 2024). Profit margin: 6.9% (down from 8.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Sep 20New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.61b market cap, or US$25.4m).
分析記事 • Aug 22Estimating The Intrinsic Value Of System Integrator Corp. (TSE:3826)Key Insights The projected fair value for System Integrator is JP¥350 based on 2 Stage Free Cash Flow to Equity System...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥297, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 48% over the past three years.
お知らせ • Jul 27System Integrator Corp. to Report Q2, 2025 Results on Oct 15, 2024System Integrator Corp. announced that they will report Q2, 2025 results on Oct 15, 2024
Reported Earnings • Jul 18First quarter 2025 earnings released: JP¥0.73 loss per share (vs JP¥9.07 profit in 1Q 2024)First quarter 2025 results: JP¥0.73 loss per share (down from JP¥9.07 profit in 1Q 2024). Revenue: JP¥1.03b (down 7.5% from 1Q 2024). Net loss: JP¥8.00m (down 108% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Jun 01Full year 2024 earnings released: EPS: JP¥86.47 (vs JP¥25.61 in FY 2023)Full year 2024 results: EPS: JP¥86.47 (up from JP¥25.61 in FY 2023). Revenue: JP¥4.84b (up 7.8% from FY 2023). Net income: JP¥944.0m (up 237% from FY 2023). Profit margin: 20% (up from 6.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Apr 29System Integrator Corp. to Report Q1, 2025 Results on Jul 12, 2024System Integrator Corp. announced that they will report Q1, 2025 results on Jul 12, 2024
分析記事 • Apr 23System Integrator (TSE:3826) Is Posting Healthy Earnings, But It Is Not All Good NewsStrong earnings weren't enough to please System Integrator Corp.'s ( TSE:3826 ) shareholders over the last week. We did...
お知らせ • Apr 17System Integrator Corp., Annual General Meeting, May 28, 2024System Integrator Corp., Annual General Meeting, May 28, 2024.
New Risk • Apr 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% 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 Risks Earnings have declined by 1.6% per year over the past 5 years. High level of non-cash earnings (101% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥4.30b market cap, or US$27.8m).
Reported Earnings • Apr 16Full year 2024 earnings released: EPS: JP¥86.47 (vs JP¥25.61 in FY 2023)Full year 2024 results: EPS: JP¥86.47 (up from JP¥25.61 in FY 2023). Revenue: JP¥4.84b (up 7.8% from FY 2023). Net income: JP¥944.0m (up 237% from FY 2023). Profit margin: 20% (up from 6.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 21Inaugural dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. This is the first dividend for System Integrator since going public. The average dividend yield among industry peers is 1.5%.
お知らせ • Jan 31System Integrator Corp. to Report Fiscal Year 2024 Results on Apr 15, 2024System Integrator Corp. announced that they will report fiscal year 2024 results on Apr 15, 2024
Reported Earnings • Jan 16Third quarter 2024 earnings released: EPS: JP¥5.59 (vs JP¥3.94 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.59 (up from JP¥3.94 in 3Q 2023). Revenue: JP¥1.25b (up 23% from 3Q 2023). Net income: JP¥61.0m (up 42% from 3Q 2023). Profit margin: 4.9% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29System Integrator Corp. to Report Q3, 2024 Results on Jan 15, 2024System Integrator Corp. announced that they will report Q3, 2024 results on Jan 15, 2024
Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥9.80 (vs JP¥7.33 in 2Q 2023)Second quarter 2024 results: EPS: JP¥9.80 (up from JP¥7.33 in 2Q 2023). Revenue: JP¥1.31b (up 15% from 2Q 2023). Net income: JP¥107.0m (up 34% from 2Q 2023). Profit margin: 8.2% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 03System Integrator Corp. to Report Q2, 2024 Results on Oct 31, 2023System Integrator Corp. announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Jul 16First quarter 2024 earnings released: EPS: JP¥9.07 (vs JP¥0.05 in 1Q 2023)First quarter 2024 results: EPS: JP¥9.07 (up from JP¥0.05 in 1Q 2023). Revenue: JP¥1.11b (up 7.5% from 1Q 2023). Net income: JP¥99.0m (up JP¥99.0m from 1Q 2023). Profit margin: 8.9% (up from 0% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 30Full year 2023 earnings released: EPS: JP¥25.61 (vs JP¥35.50 in FY 2022)Full year 2023 results: EPS: JP¥25.61 (down from JP¥35.50 in FY 2022). Revenue: JP¥4.49b (down 6.9% from FY 2022). Net income: JP¥280.0m (down 28% from FY 2022). Profit margin: 6.2% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • May 28System Integrator Corp. to Report Q1, 2024 Results on Jul 14, 2023System Integrator Corp. announced that they will report Q1, 2024 results on Jul 14, 2023
Reported Earnings • Apr 16Full year 2023 earnings released: EPS: JP¥25.61 (vs JP¥35.50 in FY 2022)Full year 2023 results: EPS: JP¥25.61 (down from JP¥35.50 in FY 2022). Revenue: JP¥4.49b (down 6.9% from FY 2022). Net income: JP¥280.0m (down 28% from FY 2022). Profit margin: 6.2% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.8%.
お知らせ • Feb 03System Integrator Corp. to Report Fiscal Year 2022 Results on Apr 14, 2023System Integrator Corp. announced that they will report fiscal year 2022 results on Apr 14, 2023
Reported Earnings • Jan 14Third quarter 2023 earnings released: EPS: JP¥3.94 (vs JP¥10.98 in 3Q 2022)Third quarter 2023 results: EPS: JP¥3.94 (down from JP¥10.98 in 3Q 2022). Revenue: JP¥1.02b (down 19% from 3Q 2022). Net income: JP¥43.0m (down 65% from 3Q 2022). Profit margin: 4.2% (down from 9.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 30System Integrator Corp. to Report Q3, 2023 Results on Jan 13, 2023System Integrator Corp. announced that they will report Q3, 2023 results on Jan 13, 2023
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Audit & Supervisory Board Member Akira Tanaka was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 17Second quarter 2023 earnings released: EPS: JP¥7.33 (vs JP¥8.81 in 2Q 2022)Second quarter 2023 results: EPS: JP¥7.33 (down from JP¥8.81 in 2Q 2022). Revenue: JP¥1.14b (down 17% from 2Q 2022). Net income: JP¥80.0m (down 18% from 2Q 2022). Profit margin: 7.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 31System Integrator Corp. to Report Q2, 2023 Results on Oct 14, 2022System Integrator Corp. announced that they will report Q2, 2023 results on Oct 14, 2022
Reported Earnings • Jul 17First quarter 2023 earnings released: EPS: JP¥0.05 (vs JP¥9.90 in 1Q 2022)First quarter 2023 results: EPS: JP¥0.05 (down from JP¥9.90 in 1Q 2022). Revenue: JP¥1.03b (down 4.8% from 1Q 2022). Net income: JP¥0 (down JP¥109.0m from profit in 1Q 2022). Profit margin: 0% (down from 10.0% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year.
Reported Earnings • May 29Full year 2022 earnings released: EPS: JP¥35.50 (vs JP¥26.62 in FY 2021)Full year 2022 results: EPS: JP¥35.50 (up from JP¥26.62 in FY 2021). Revenue: JP¥4.82b (up 13% from FY 2021). Net income: JP¥391.0m (up 33% from FY 2021). Profit margin: 8.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • May 13System Integrator Corp. to Report Q1, 2023 Results on Jul 14, 2022System Integrator Corp. announced that they will report Q1, 2023 results on Jul 14, 2022
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Audit & Supervisory Board Member Akira Tanaka was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 25System Integrator Corp. (TSE:3826) announces an Equity Buyback for 100,000 shares, representing 0.91% for ¥50 million.System Integrator Corp. (TSE:3826) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.91% of its issued share capital for total worth of ¥50 million. The purpose of the program is to return profits to shareholders, utilize it in incentive plans, and implement agile capital policies according to the future business environment. The program will run till May 13, 2022. As of February 28, 2022, the company had 11,017,719 shares in issue (excluding treasury stock) and 60,681 shares in treasury.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥475, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 26% over the past three years.
お知らせ • Apr 16System Integrator Corp., Annual General Meeting, May 24, 2022System Integrator Corp., Annual General Meeting, May 24, 2022.
Reported Earnings • Apr 15Full year 2022 earnings released: EPS: JP¥35.50 (vs JP¥26.62 in FY 2021)Full year 2022 results: EPS: JP¥35.50 (up from JP¥26.62 in FY 2021). Revenue: JP¥4.82b (up 13% from FY 2021). Net income: JP¥391.0m (up 33% from FY 2021). Profit margin: 8.1% (up from 6.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Feb 18Inaugural dividend of JP¥13.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 26 May 2022. The company is not currently making a profit but it is cash flow positive. The company last paid an ordinary dividend in January 2012. The average dividend yield among industry peers is 1.7%.
お知らせ • Feb 10System Integrator Corp. to Report Fiscal Year 2021 Results on Apr 14, 2022System Integrator Corp. announced that they will report fiscal year 2021 results on Apr 14, 2022
Buying Opportunity • Jan 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be JP¥625, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% per annum over the last 3 years. Earnings per share has declined by 27% per annum over the last 3 years.
Reported Earnings • Jan 16Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥10.98 (up from JP¥4.82 in 3Q 2021). Revenue: JP¥1.25b (up 33% from 3Q 2021). Net income: JP¥121.0m (up 128% from 3Q 2021). Profit margin: 9.6% (up from 5.6% 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 fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 15Second quarter 2022 earnings released: EPS JP¥8.81 (vs JP¥4.91 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.38b (up 11% from 2Q 2021). Net income: JP¥97.0m (up 80% from 2Q 2021). Profit margin: 7.0% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 15Second quarter 2022 earnings released: EPS JP¥8.81 (vs JP¥4.91 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.38b (up 11% from 2Q 2021). Net income: JP¥97.0m (up 80% from 2Q 2021). Profit margin: 7.0% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 16First quarter 2022 earnings released: EPS JP¥9.90 (vs JP¥4.09 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.09b (up 19% from 1Q 2021). Net income: JP¥109.0m (up 142% from 1Q 2021). Profit margin: 10.0% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • May 29Full year 2021 earnings released: EPS JP¥26.62 (vs JP¥41.57 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.26b (down 6.5% from FY 2020). Net income: JP¥293.0m (down 36% from FY 2020). Profit margin: 6.9% (down from 10% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 16Full year 2021 earnings released: EPS JP¥26.62 (vs JP¥41.57 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.26b (down 6.5% from FY 2020). Net income: JP¥293.0m (down 36% from FY 2020). Profit margin: 6.9% (down from 10% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Feb 03System Integrator Corp. to Report Fiscal Year 2021 Results on Apr 14, 2021System Integrator Corp. announced that they will report fiscal year 2021 results on Apr 14, 2021
Is New 90 Day High Low • Jan 29New 90-day low: JP¥595The company is down 14% from its price of JP¥694 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period.
Reported Earnings • Jan 15Third quarter 2021 earnings released: EPS JP¥4.82The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥945.0m (down 24% from 3Q 2020). Net income: JP¥53.0m (down 52% from 3Q 2020). Profit margin: 5.6% (down from 8.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥613The company is down 16% from its price of JP¥729 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Dec 04New 90-day low: JP¥652The company is down 9.0% from its price of JP¥719 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period.
お知らせ • Aug 15System Integrator Corp. to Report Q2, 2021 Results on Oct 09, 2020System Integrator Corp. announced that they will report Q2, 2021 results on Oct 09, 2020