System Support Holdings（4396）株式概要株式会社システムサポートホールディングスは子会社とともに、日本および北米でITシステムの企画・開発・運用・保守を行っている。 詳細4396 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績4/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より47.8%で取引されている 収益は年間14.18%増加すると予測されています 過去1年間で収益は13.1%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析リスクチェックの結果、4396 、リスクは検出されなかった。すべてのリスクチェックを見る4396 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥943.0016.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture050b2016201920222025202620282031Revenue JP¥50.4bEarnings JP¥2.9bAdvancedSet Fair ValueView all narrativesSystem Support Holdings Inc. 競合他社Segue GroupSymbol: TSE:3968Market cap: JP¥20.2bCore Concept TechnologiesSymbol: TSE:4371Market cap: JP¥22.4bRyomo SystemsLtdSymbol: TSE:9691Market cap: JP¥18.1bCybertrust JapanSymbol: TSE:4498Market cap: JP¥18.4b価格と性能株価の高値、安値、推移の概要System Support Holdings過去の株価現在の株価JP¥943.0052週高値JP¥1,737.5052週安値JP¥939.00ベータ0.731ヶ月の変化-9.24%3ヶ月変化-14.12%1年変化-23.89%3年間の変化-11.33%5年間の変化37.66%IPOからの変化107.82%最新ニュースReported Earnings • May 16Third quarter 2026 earnings released: EPS: JP¥25.06 (vs JP¥22.70 in 3Q 2025)Third quarter 2026 results: EPS: JP¥25.06 (up from JP¥22.70 in 3Q 2025). Revenue: JP¥7.50b (up 5.3% from 3Q 2025). Net income: JP¥518.0m (up 10% from 3Q 2025). Profit margin: 6.9% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 17First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 73% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 20System Support Holdings Inc. (TSE:4396) announces an Equity Buyback for 100,000 shares, representing 0.48% for ¥150 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for ¥150 million. The purpose of the program is to further enhance shareholder returns, enable flexible capital management, and improve capital efficiency. The program is valid till April 30, 2026 As of December 31, 2025, the company had 20,710,344 shares in issue (excluding treasury stock) and 89,656 shares in treasury.Reported Earnings • Feb 14Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥8.03b (up 16% from 2Q 2025). Net income: JP¥658.0m (up 21% from 2Q 2025). Profit margin: 8.2% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.New Risk • Feb 05New 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 5.4% 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Feb 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥1,338. The fair value is estimated to be JP¥1,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 40% in the next 2 years.最新情報をもっと見るRecent updatesReported Earnings • May 16Third quarter 2026 earnings released: EPS: JP¥25.06 (vs JP¥22.70 in 3Q 2025)Third quarter 2026 results: EPS: JP¥25.06 (up from JP¥22.70 in 3Q 2025). Revenue: JP¥7.50b (up 5.3% from 3Q 2025). Net income: JP¥518.0m (up 10% from 3Q 2025). Profit margin: 6.9% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 17First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 73% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 20System Support Holdings Inc. (TSE:4396) announces an Equity Buyback for 100,000 shares, representing 0.48% for ¥150 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for ¥150 million. The purpose of the program is to further enhance shareholder returns, enable flexible capital management, and improve capital efficiency. The program is valid till April 30, 2026 As of December 31, 2025, the company had 20,710,344 shares in issue (excluding treasury stock) and 89,656 shares in treasury.Reported Earnings • Feb 14Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥8.03b (up 16% from 2Q 2025). Net income: JP¥658.0m (up 21% from 2Q 2025). Profit margin: 8.2% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.New Risk • Feb 05New 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 5.4% 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Feb 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥1,338. The fair value is estimated to be JP¥1,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 40% in the next 2 years.Upcoming Dividend • Dec 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 17 March 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).お知らせ • Nov 29System Support Holdings Inc. to Report Q2, 2026 Results on Feb 12, 2026System Support Holdings Inc. announced that they will report Q2, 2026 results on Feb 12, 2026Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: JP¥34.08 (vs JP¥24.09 in 1Q 2025)First quarter 2026 results: EPS: JP¥34.08 (up from JP¥24.09 in 1Q 2025). Revenue: JP¥7.52b (up 22% from 1Q 2025). Net income: JP¥353.0m (up 42% from 1Q 2025). Profit margin: 4.7% (up from 4.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 22% per year.分析記事 • Oct 06System Support Holdings' (TSE:4396) Dividend Will Be Increased To ¥30.00System Support Holdings Inc. ( TSE:4396 ) has announced that it will be increasing its periodic dividend on the 17th of...Declared Dividend • Oct 06Final dividend increased to JP¥30.00Dividend of JP¥30.00 is 20% higher than last year. Ex-date: 29th December 2025 Payment date: 17th March 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 82% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 02System Support Holdings Inc. to Report Q1, 2026 Results on Nov 12, 2025System Support Holdings Inc. announced that they will report Q1, 2026 results on Nov 12, 2025分析記事 • Aug 13We Think System Support Holdings' (TSE:4396) Solid Earnings Are UnderstatedTSE:4396 1 Year Share Price vs Fair Value Explore System Support Holdings's Fair Values from the Community and select...Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥141 (up from JP¥118 in FY 2024). Revenue: JP¥26.9b (up 22% from FY 2024). Net income: JP¥1.46b (up 19% from FY 2024). Profit margin: 5.4% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 06System Support Holdings Inc., Annual General Meeting, Sep 25, 2025System Support Holdings Inc., Annual General Meeting, Sep 25, 2025.お知らせ • Jul 02System Support Holdings Inc. (TSE:4396) completed the acquisition of Echo System co.,ltd from Makoto Ugo.System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million on June 19, 2025. A cash consideration of ¥520 million will be paid by System Support Holdings Inc. As part of consideration, ¥520 million is paid towards common equity of Echo System co.,ltd. For the period ending July 31, 2024, Echo System co.,ltd reported total revenue of ¥1.42 billion, EBIT of ¥123 million and net income of ¥74 million. As of July 31, 2024, Echo System co.,ltd reported total assets of ¥777 million and total common equity of ¥286 million. The expected completion of the transaction is July 1, 2025. System Support Holdings Inc. (TSE:4396) completed the acquisition of Echo System co.,ltd from Makoto Ugo on July 1, 2025.お知らせ • Jun 27System Support Holdings Inc. to Report Fiscal Year 2025 Results on Aug 06, 2025System Support Holdings Inc. announced that they will report fiscal year 2025 results on Aug 06, 2025Upcoming Dividend • Jun 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).分析記事 • Jun 19System Support Holdings (TSE:4396) Has Announced A Dividend Of ¥24.00System Support Holdings Inc. ( TSE:4396 ) will pay a dividend of ¥24.00 on the 29th of September. This takes the...お知らせ • Jun 19System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million.System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million on June 19, 2025. A cash consideration of ¥520 million will be paid by System Support Holdings Inc. As part of consideration, ¥520 million is paid towards common equity of Echo System co.,ltd. For the period ending July 31, 2024, Echo System co.,ltd reported total revenue of ¥1.42 billion, EBIT of ¥123 million and net income of ¥74 million. As of July 31, 2024, Echo System co.,ltd reported total assets of ¥777 million and total common equity of ¥286 million. The expected completion of the transaction is July 1, 2025.お知らせ • May 16System Support Holdings Inc. (TSE:4396) agreed to acquire Fuji Engineering Co., Ltd. from Tomiko Nakane and other shareholders.System Support Holdings Inc. (TSE:4396) agreed to acquire Fuji Engineering Co., Ltd. from Tomiko Nakane and other shareholders on May 15, 2025. As part of the acquisition, System Support Holdings Inc will acquire all shares or 0.12 million shares in Fuji Engineering Co., Ltd. Tomiko Nakane will sell his 66.7% stake in Fuji Engineering Co., Ltd to System Support Holdings Inc. The transaction has been approved by the board of directors of System Support Holdings Inc. The transaction is expected to close on June 5, 2025.Declared Dividend • May 12Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 82% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover.分析記事 • May 09System Support Holdings Inc.'s (TSE:4396) P/E Is Still On The Mark Following 29% Share Price BounceSystem Support Holdings Inc. ( TSE:4396 ) shareholders would be excited to see that the share price has had a great...分析記事 • May 08Do System Support Holdings' (TSE:4396) Earnings Warrant Your Attention?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Reported Earnings • May 08Third quarter 2025 earnings released: EPS: JP¥45.40 (vs JP¥33.61 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.40 (up from JP¥33.61 in 3Q 2024). Revenue: JP¥7.12b (up 25% from 3Q 2024). Net income: JP¥470.0m (up 35% from 3Q 2024). Profit margin: 6.6% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,692, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 68% over the past three years.New Risk • Mar 18New 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 5.3% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 07Second quarter 2025 earnings released: EPS: JP¥53.22 (vs JP¥32.06 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.22 (up from JP¥32.06 in 2Q 2024). Revenue: JP¥6.91b (up 23% from 2Q 2024). Net income: JP¥544.2m (up 64% from 2Q 2024). Profit margin: 7.9% (up from 5.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 28Shareholders Are Optimistic That System Support Holdings (TSE:4396) Will Multiply In ValueIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Upcoming Dividend • Dec 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 17 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).New Risk • Nov 10New 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 5.6% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 08First quarter 2025 earnings released: EPS: JP¥24.01 (vs JP¥27.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥24.01 (down from JP¥27.23 in 1Q 2024). Revenue: JP¥6.15b (up 22% from 1Q 2024). Net income: JP¥247.0m (down 12% from 1Q 2024). Profit margin: 4.0% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥118 (up from JP¥97.43 in FY 2023). Revenue: JP¥22.0b (up 14% from FY 2023). Net income: JP¥1.22b (up 21% from FY 2023). Profit margin: 5.6% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 15% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 26Is System Support (TSE:4396) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Aug 16System Support Inc. (TSE:4396) announces an Equity Buyback for 150,000 shares, for ¥268.2 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.44% of its issued share capital (excluding treasury stock), for ¥268.2 million. The shares will be repurchased at a price of ¥1,788 per share. The purpose of the program is to implemente a flexible capital policy in response to changes in the business environment. As of August 1, 2024, the company had 10,390,000 shares in issue (excluding treasury stock) and 25,026 shares in treasury.お知らせ • Aug 07System Support Inc., Annual General Meeting, Sep 26, 2024System Support Inc., Annual General Meeting, Sep 26, 2024.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to JP¥1,463, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years.分析記事 • Aug 04Getting In Cheap On System Support Inc. (TSE:4396) Is UnlikelyWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider System...New Risk • Aug 02New 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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change).お知らせ • Jul 27System Support Inc. (TSE:4396) completed the acquisition of Communication Planning Corporation. from Norio Tajima and Naoki Hosoda.System Support Inc. (TSE:4396) agreed to acquire Communication Planning Corporation. from Norio Tajima and Naoki Hosoda for ¥600 million on June 20, 2024. A cash consideration of ¥600 million will be paid by System Support Inc. As part of consideration, ¥600 million is paid towards common equity of Communication Planning Corporation. For the period ending March 31, 2024, Communication Planning Corporation. reported total revenue of ¥605 million, EBIT of ¥55 million and net income of ¥37 million. As of March 31, 2024, Communication Planning Corporation. reported total assets of ¥702 million and total common equity of ¥496 million. The expected completion of the transaction is July 26, 2024. System Support Inc. (TSE:4396) completed the acquisition of Communication Planning Corporation. from Norio Tajima and Naoki Hosoda on July 26, 20024.Upcoming Dividend • Jun 20Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).お知らせ • Jun 05+ 3 more updatesSystem Support Inc. to Report Q3, 2025 Results on May 07, 2025System Support Inc. announced that they will report Q3, 2025 results on May 07, 2025Reported Earnings • May 09Third quarter 2024 earnings released: EPS: JP¥33.61 (vs JP¥28.29 in 3Q 2023)Third quarter 2024 results: EPS: JP¥33.61 (up from JP¥28.29 in 3Q 2023). Revenue: JP¥5.71b (up 15% from 3Q 2023). Net income: JP¥348.0m (up 19% from 3Q 2023). Profit margin: 6.1% (up from 5.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 09Second quarter 2024 earnings released: EPS: JP¥32.06 (vs JP¥29.26 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.06 (up from JP¥29.26 in 2Q 2023). Revenue: JP¥5.60b (up 17% from 2Q 2023). Net income: JP¥332.0m (up 9.6% from 2Q 2023). Profit margin: 5.9% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of JP¥18.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 March 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 11First quarter 2024 earnings released: EPS: JP¥27.23 (vs JP¥19.79 in 1Q 2023)First quarter 2024 results: EPS: JP¥27.23 (up from JP¥19.79 in 1Q 2023). Revenue: JP¥5.03b (up 14% from 1Q 2023). Net income: JP¥282.0m (up 38% from 1Q 2023). Profit margin: 5.6% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 11System Support Inc., Annual General Meeting, Sep 27, 2023System Support Inc., Annual General Meeting, Sep 27, 2023.Reported Earnings • Aug 11Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥97.43 (up from JP¥75.84 in FY 2022). Revenue: JP¥19.3b (up 19% from FY 2022). Net income: JP¥1.01b (up 28% from FY 2022). Profit margin: 5.2% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Jun 28System Support Inc. to Report Fiscal Year 2023 Results on Aug 09, 2023System Support Inc. announced that they will report fiscal year 2023 results on Aug 09, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).Reported Earnings • May 12Third quarter 2023 earnings released: EPS: JP¥28.29 (vs JP¥28.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥28.29 (up from JP¥28.21 in 3Q 2022). Revenue: JP¥4.98b (up 20% from 3Q 2022). Net income: JP¥293.0m (flat on 3Q 2022). Profit margin: 5.9% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥29.26 (vs JP¥22.32 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.26 (up from JP¥22.32 in 2Q 2022). Revenue: JP¥4.81b (up 18% from 2Q 2022). Net income: JP¥303.0m (up 31% from 2Q 2022). Profit margin: 6.3% (up from 5.7% 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 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 06System Support Inc. to Report Q2, 2023 Results on Feb 09, 2023System Support Inc. announced that they will report Q2, 2023 results on Feb 09, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Outside Director Sakamoto Yuko was the last independent director to join the board, commencing their role in 2021. 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 • Nov 11First quarter 2023 earnings released: EPS: JP¥19.79 (vs JP¥15.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥19.79 (up from JP¥15.65 in 1Q 2022). Revenue: JP¥4.40b (up 18% from 1Q 2022). Net income: JP¥205.0m (up 27% from 1Q 2022). Profit margin: 4.7% (up from 4.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.お知らせ • Oct 02System Support Inc. to Report Q1, 2023 Results on Nov 09, 2022System Support Inc. announced that they will report Q1, 2023 results on Nov 09, 2022お知らせ • Aug 12System Support Inc., Annual General Meeting, Sep 27, 2022System Support Inc., Annual General Meeting, Sep 27, 2022.Reported Earnings • Aug 12Full year 2022 earnings released: EPS: JP¥75.84 (vs JP¥65.40 in FY 2021)Full year 2022 results: EPS: JP¥75.84 (up from JP¥65.40 in FY 2021). Revenue: JP¥16.2b (up 12% from FY 2021). Net income: JP¥785.0m (up 17% from FY 2021). Profit margin: 4.8% (up from 4.7% 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 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥1,635, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%.Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥1,635, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%.お知らせ • Jul 07System Support Inc. to Report Fiscal Year 2022 Results on Aug 10, 2022System Support Inc. announced that they will report fiscal year 2022 results on Aug 10, 2022Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥28.21 (vs JP¥18.89 in 3Q 2021)Third quarter 2022 results: EPS: JP¥28.21 (up from JP¥18.89 in 3Q 2021). Revenue: JP¥4.15b (up 13% from 3Q 2021). Net income: JP¥292.0m (up 50% from 3Q 2021). Profit margin: 7.0% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Outside Director Sakamoto Yuko was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 08System Support Inc. to Report Q3, 2022 Results on May 11, 2022System Support Inc. announced that they will report Q3, 2022 results on May 11, 2022Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥22.32 (up from JP¥20.15 in 2Q 2021). Revenue: JP¥4.07b (up 12% from 2Q 2021). Net income: JP¥231.0m (up 11% from 2Q 2021). Profit margin: 5.7% (in line with 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 11First quarter 2022 earnings released: EPS JP¥15.65 (vs JP¥13.29 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.72b (up 14% from 1Q 2021). Net income: JP¥162.0m (up 19% from 1Q 2021). Profit margin: 4.4% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥65.40 (vs JP¥44.82 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.4b (up 7.9% from FY 2020). Net income: JP¥674.0m (up 50% from FY 2020). Profit margin: 4.7% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 12Full year 2021 earnings released: EPS JP¥65.40 (vs JP¥44.82 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.4b (up 7.9% from FY 2020). Net income: JP¥674.0m (up 50% from FY 2020). Profit margin: 4.7% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year.Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.4%).Reported Earnings • May 16Third quarter 2021 earnings released: EPS JP¥18.89 (vs JP¥16.37 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.69b (up 7.2% from 3Q 2020). Net income: JP¥195.0m (up 19% from 3Q 2020). Profit margin: 5.3% (up from 4.8% in 3Q 2020). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Feb 22New 90-day low: JP¥1,450The company is down 2.0% from its price of JP¥1,475 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.Reported Earnings • Feb 15Second quarter 2021 earnings released: EPS JP¥20.15 (vs JP¥13.70 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.64b (up 10% from 2Q 2020). Net income: JP¥208.0m (up 51% from 2Q 2020). Profit margin: 5.7% (up from 4.2% in 2Q 2020). The increase in margin was driven by higher revenue.株主還元4396JP ITJP 市場7D-2.9%-2.1%4.7%1Y-23.9%-16.5%46.9%株主還元を見る業界別リターン: 4396過去 1 年間で-16.5 % の収益を上げたJP IT業界を下回りました。リターン対市場: 4396は、過去 1 年間で46.9 % のリターンを上げたJP市場を下回りました。価格変動Is 4396's price volatile compared to industry and market?4396 volatility4396 Average Weekly Movement4.9%IT Industry Average Movement4.8%Market Average Movement4.6%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.3%安定した株価: 4396 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 4396の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19801,712Hirotaka Azumawww.sts-hd.co.jp株式会社システムサポートホールディングスは、子会社とともに日本および北米でITシステムの企画・開発・運用・保守を行っている。事業セグメントは5つ：クラウドインテグレーション事業、システムインテグレーション事業、アウトソーシング事業、プロダクト事業、海外事業の5つ。クラウドサービスの移行・利用に関する技術支援やServiceNow、Microsoft Azure、Amazon Web Services、Google Cloudのライセンス再販、ERPパッケージの導入・利用、Oracleデータベースのインフラ構築、ITシステムのコンサルティング・設計・開発・運用・保守、プライベートクラウド等のデータセンターサービス、データ分析・入力、ニアショアシステムの運用・保守を提供している。また、建設作業情報管理システム「舘薬社」、勤怠・就業管理システム「就業薬社」、クラウド型シフト管理システム「SHIFTEE」、モバイル受発注システム「MOS」、医用画像管理・ファイリングシステム「T-File System」、顧客情報マッピングサービス「PinMap」などのソフトウェア製品の開発・カスタマイズ・販売も行っている。その他、海外システムインテグレーション、給与・経理アウトソーシング、人材紹介、メディア運営なども手掛ける。旧社名は株式会社システムサポートで、2025年1月に株式会社システムサポートホールディングスに商号変更した。株式会社システムサポート・ホールディングスは1980年に設立され、金沢市に本社を置く。もっと見るSystem Support Holdings Inc. 基礎のまとめSystem Support Holdings の収益と売上を時価総額と比較するとどうか。4396 基礎統計学時価総額JP¥19.53b収益（TTM）JP¥1.72b売上高(TTM)JP¥29.80b11.3xPER（株価収益率0.7xP/Sレシオ4396 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4396 損益計算書（TTM）収益JP¥29.80b売上原価JP¥21.16b売上総利益JP¥8.64bその他の費用JP¥6.92b収益JP¥1.72b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）83.24グロス・マージン28.99%純利益率5.79%有利子負債／自己資本比率45.7%4396 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.4%現在の配当利回り30%配当性向4396 配当は確実ですか？4396 配当履歴とベンチマークを見る4396 、いつまでに購入すれば配当金を受け取れますか？System Support Holdings 配当日配当落ち日Jun 29 2026配当支払日Sep 28 2026配当落ちまでの日数9 days配当支払日までの日数100 days4396 配当は確実ですか？4396 配当履歴とベンチマークを見るView Valuation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2026/06/19 11:05終値2026/06/19 00:00収益2026/03/31年間収益2025/06/30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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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 Support Holdings Inc. 1 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。2 アナリスト機関Shingo KumazawaDaiwa Securities Co. Ltd.Teruo IsozakiIchiyoshi Research Institute Inc.
Reported Earnings • May 16Third quarter 2026 earnings released: EPS: JP¥25.06 (vs JP¥22.70 in 3Q 2025)Third quarter 2026 results: EPS: JP¥25.06 (up from JP¥22.70 in 3Q 2025). Revenue: JP¥7.50b (up 5.3% from 3Q 2025). Net income: JP¥518.0m (up 10% from 3Q 2025). Profit margin: 6.9% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 17First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 73% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 20System Support Holdings Inc. (TSE:4396) announces an Equity Buyback for 100,000 shares, representing 0.48% for ¥150 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for ¥150 million. The purpose of the program is to further enhance shareholder returns, enable flexible capital management, and improve capital efficiency. The program is valid till April 30, 2026 As of December 31, 2025, the company had 20,710,344 shares in issue (excluding treasury stock) and 89,656 shares in treasury.
Reported Earnings • Feb 14Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥8.03b (up 16% from 2Q 2025). Net income: JP¥658.0m (up 21% from 2Q 2025). Profit margin: 8.2% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.
New Risk • Feb 05New 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 5.4% 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Feb 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥1,338. The fair value is estimated to be JP¥1,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 40% in the next 2 years.
Reported Earnings • May 16Third quarter 2026 earnings released: EPS: JP¥25.06 (vs JP¥22.70 in 3Q 2025)Third quarter 2026 results: EPS: JP¥25.06 (up from JP¥22.70 in 3Q 2025). Revenue: JP¥7.50b (up 5.3% from 3Q 2025). Net income: JP¥518.0m (up 10% from 3Q 2025). Profit margin: 6.9% (up from 6.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 3% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 17First half dividend of JP¥15.00 announcedShareholders will receive a dividend of JP¥15.00. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 73% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 20System Support Holdings Inc. (TSE:4396) announces an Equity Buyback for 100,000 shares, representing 0.48% for ¥150 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for ¥150 million. The purpose of the program is to further enhance shareholder returns, enable flexible capital management, and improve capital efficiency. The program is valid till April 30, 2026 As of December 31, 2025, the company had 20,710,344 shares in issue (excluding treasury stock) and 89,656 shares in treasury.
Reported Earnings • Feb 14Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥8.03b (up 16% from 2Q 2025). Net income: JP¥658.0m (up 21% from 2Q 2025). Profit margin: 8.2% (up from 7.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.
New Risk • Feb 05New 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 5.4% 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Feb 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥1,338. The fair value is estimated to be JP¥1,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 40% in the next 2 years.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 17 March 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
お知らせ • Nov 29System Support Holdings Inc. to Report Q2, 2026 Results on Feb 12, 2026System Support Holdings Inc. announced that they will report Q2, 2026 results on Feb 12, 2026
Reported Earnings • Nov 14First quarter 2026 earnings released: EPS: JP¥34.08 (vs JP¥24.09 in 1Q 2025)First quarter 2026 results: EPS: JP¥34.08 (up from JP¥24.09 in 1Q 2025). Revenue: JP¥7.52b (up 22% from 1Q 2025). Net income: JP¥353.0m (up 42% from 1Q 2025). Profit margin: 4.7% (up from 4.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 22% per year.
分析記事 • Oct 06System Support Holdings' (TSE:4396) Dividend Will Be Increased To ¥30.00System Support Holdings Inc. ( TSE:4396 ) has announced that it will be increasing its periodic dividend on the 17th of...
Declared Dividend • Oct 06Final dividend increased to JP¥30.00Dividend of JP¥30.00 is 20% higher than last year. Ex-date: 29th December 2025 Payment date: 17th March 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 82% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 02System Support Holdings Inc. to Report Q1, 2026 Results on Nov 12, 2025System Support Holdings Inc. announced that they will report Q1, 2026 results on Nov 12, 2025
分析記事 • Aug 13We Think System Support Holdings' (TSE:4396) Solid Earnings Are UnderstatedTSE:4396 1 Year Share Price vs Fair Value Explore System Support Holdings's Fair Values from the Community and select...
Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥141 (up from JP¥118 in FY 2024). Revenue: JP¥26.9b (up 22% from FY 2024). Net income: JP¥1.46b (up 19% from FY 2024). Profit margin: 5.4% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 06System Support Holdings Inc., Annual General Meeting, Sep 25, 2025System Support Holdings Inc., Annual General Meeting, Sep 25, 2025.
お知らせ • Jul 02System Support Holdings Inc. (TSE:4396) completed the acquisition of Echo System co.,ltd from Makoto Ugo.System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million on June 19, 2025. A cash consideration of ¥520 million will be paid by System Support Holdings Inc. As part of consideration, ¥520 million is paid towards common equity of Echo System co.,ltd. For the period ending July 31, 2024, Echo System co.,ltd reported total revenue of ¥1.42 billion, EBIT of ¥123 million and net income of ¥74 million. As of July 31, 2024, Echo System co.,ltd reported total assets of ¥777 million and total common equity of ¥286 million. The expected completion of the transaction is July 1, 2025. System Support Holdings Inc. (TSE:4396) completed the acquisition of Echo System co.,ltd from Makoto Ugo on July 1, 2025.
お知らせ • Jun 27System Support Holdings Inc. to Report Fiscal Year 2025 Results on Aug 06, 2025System Support Holdings Inc. announced that they will report fiscal year 2025 results on Aug 06, 2025
Upcoming Dividend • Jun 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).
分析記事 • Jun 19System Support Holdings (TSE:4396) Has Announced A Dividend Of ¥24.00System Support Holdings Inc. ( TSE:4396 ) will pay a dividend of ¥24.00 on the 29th of September. This takes the...
お知らせ • Jun 19System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million.System Support Holdings Inc. (TSE:4396) agreed to acquire Echo System co.,ltd from Makoto Ugo for ¥520 million on June 19, 2025. A cash consideration of ¥520 million will be paid by System Support Holdings Inc. As part of consideration, ¥520 million is paid towards common equity of Echo System co.,ltd. For the period ending July 31, 2024, Echo System co.,ltd reported total revenue of ¥1.42 billion, EBIT of ¥123 million and net income of ¥74 million. As of July 31, 2024, Echo System co.,ltd reported total assets of ¥777 million and total common equity of ¥286 million. The expected completion of the transaction is July 1, 2025.
お知らせ • May 16System Support Holdings Inc. (TSE:4396) agreed to acquire Fuji Engineering Co., Ltd. from Tomiko Nakane and other shareholders.System Support Holdings Inc. (TSE:4396) agreed to acquire Fuji Engineering Co., Ltd. from Tomiko Nakane and other shareholders on May 15, 2025. As part of the acquisition, System Support Holdings Inc will acquire all shares or 0.12 million shares in Fuji Engineering Co., Ltd. Tomiko Nakane will sell his 66.7% stake in Fuji Engineering Co., Ltd to System Support Holdings Inc. The transaction has been approved by the board of directors of System Support Holdings Inc. The transaction is expected to close on June 5, 2025.
Declared Dividend • May 12Dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 82% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • May 09System Support Holdings Inc.'s (TSE:4396) P/E Is Still On The Mark Following 29% Share Price BounceSystem Support Holdings Inc. ( TSE:4396 ) shareholders would be excited to see that the share price has had a great...
分析記事 • May 08Do System Support Holdings' (TSE:4396) Earnings Warrant Your Attention?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Reported Earnings • May 08Third quarter 2025 earnings released: EPS: JP¥45.40 (vs JP¥33.61 in 3Q 2024)Third quarter 2025 results: EPS: JP¥45.40 (up from JP¥33.61 in 3Q 2024). Revenue: JP¥7.12b (up 25% from 3Q 2024). Net income: JP¥470.0m (up 35% from 3Q 2024). Profit margin: 6.6% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,692, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 68% over the past three years.
New Risk • Mar 18New 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 5.3% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 07Second quarter 2025 earnings released: EPS: JP¥53.22 (vs JP¥32.06 in 2Q 2024)Second quarter 2025 results: EPS: JP¥53.22 (up from JP¥32.06 in 2Q 2024). Revenue: JP¥6.91b (up 23% from 2Q 2024). Net income: JP¥544.2m (up 64% from 2Q 2024). Profit margin: 7.9% (up from 5.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 28Shareholders Are Optimistic That System Support Holdings (TSE:4396) Will Multiply In ValueIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Upcoming Dividend • Dec 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 17 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
New Risk • Nov 10New 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 5.6% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 08First quarter 2025 earnings released: EPS: JP¥24.01 (vs JP¥27.23 in 1Q 2024)First quarter 2025 results: EPS: JP¥24.01 (down from JP¥27.23 in 1Q 2024). Revenue: JP¥6.15b (up 22% from 1Q 2024). Net income: JP¥247.0m (down 12% from 1Q 2024). Profit margin: 4.0% (down from 5.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥118 (up from JP¥97.43 in FY 2023). Revenue: JP¥22.0b (up 14% from FY 2023). Net income: JP¥1.22b (up 21% from FY 2023). Profit margin: 5.6% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. 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 15% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 26Is System Support (TSE:4396) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Aug 16System Support Inc. (TSE:4396) announces an Equity Buyback for 150,000 shares, for ¥268.2 million.System Support Inc. (TSE:4396) announces a share repurchase program. announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.44% of its issued share capital (excluding treasury stock), for ¥268.2 million. The shares will be repurchased at a price of ¥1,788 per share. The purpose of the program is to implemente a flexible capital policy in response to changes in the business environment. As of August 1, 2024, the company had 10,390,000 shares in issue (excluding treasury stock) and 25,026 shares in treasury.
お知らせ • Aug 07System Support Inc., Annual General Meeting, Sep 26, 2024System Support Inc., Annual General Meeting, Sep 26, 2024.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to JP¥1,463, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years.
分析記事 • Aug 04Getting In Cheap On System Support Inc. (TSE:4396) Is UnlikelyWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider System...
New Risk • Aug 02New 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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change).
お知らせ • Jul 27System Support Inc. (TSE:4396) completed the acquisition of Communication Planning Corporation. from Norio Tajima and Naoki Hosoda.System Support Inc. (TSE:4396) agreed to acquire Communication Planning Corporation. from Norio Tajima and Naoki Hosoda for ¥600 million on June 20, 2024. A cash consideration of ¥600 million will be paid by System Support Inc. As part of consideration, ¥600 million is paid towards common equity of Communication Planning Corporation. For the period ending March 31, 2024, Communication Planning Corporation. reported total revenue of ¥605 million, EBIT of ¥55 million and net income of ¥37 million. As of March 31, 2024, Communication Planning Corporation. reported total assets of ¥702 million and total common equity of ¥496 million. The expected completion of the transaction is July 26, 2024. System Support Inc. (TSE:4396) completed the acquisition of Communication Planning Corporation. from Norio Tajima and Naoki Hosoda on July 26, 20024.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
お知らせ • Jun 05+ 3 more updatesSystem Support Inc. to Report Q3, 2025 Results on May 07, 2025System Support Inc. announced that they will report Q3, 2025 results on May 07, 2025
Reported Earnings • May 09Third quarter 2024 earnings released: EPS: JP¥33.61 (vs JP¥28.29 in 3Q 2023)Third quarter 2024 results: EPS: JP¥33.61 (up from JP¥28.29 in 3Q 2023). Revenue: JP¥5.71b (up 15% from 3Q 2023). Net income: JP¥348.0m (up 19% from 3Q 2023). Profit margin: 6.1% (up from 5.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 09Second quarter 2024 earnings released: EPS: JP¥32.06 (vs JP¥29.26 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.06 (up from JP¥29.26 in 2Q 2023). Revenue: JP¥5.60b (up 17% from 2Q 2023). Net income: JP¥332.0m (up 9.6% from 2Q 2023). Profit margin: 5.9% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥18.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 March 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 11First quarter 2024 earnings released: EPS: JP¥27.23 (vs JP¥19.79 in 1Q 2023)First quarter 2024 results: EPS: JP¥27.23 (up from JP¥19.79 in 1Q 2023). Revenue: JP¥5.03b (up 14% from 1Q 2023). Net income: JP¥282.0m (up 38% from 1Q 2023). Profit margin: 5.6% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 11System Support Inc., Annual General Meeting, Sep 27, 2023System Support Inc., Annual General Meeting, Sep 27, 2023.
Reported Earnings • Aug 11Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥97.43 (up from JP¥75.84 in FY 2022). Revenue: JP¥19.3b (up 19% from FY 2022). Net income: JP¥1.01b (up 28% from FY 2022). Profit margin: 5.2% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Jun 28System Support Inc. to Report Fiscal Year 2023 Results on Aug 09, 2023System Support Inc. announced that they will report fiscal year 2023 results on Aug 09, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).
Reported Earnings • May 12Third quarter 2023 earnings released: EPS: JP¥28.29 (vs JP¥28.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥28.29 (up from JP¥28.21 in 3Q 2022). Revenue: JP¥4.98b (up 20% from 3Q 2022). Net income: JP¥293.0m (flat on 3Q 2022). Profit margin: 5.9% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥29.26 (vs JP¥22.32 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.26 (up from JP¥22.32 in 2Q 2022). Revenue: JP¥4.81b (up 18% from 2Q 2022). Net income: JP¥303.0m (up 31% from 2Q 2022). Profit margin: 6.3% (up from 5.7% 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 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 06System Support Inc. to Report Q2, 2023 Results on Feb 09, 2023System Support Inc. announced that they will report Q2, 2023 results on Feb 09, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Outside Director Sakamoto Yuko was the last independent director to join the board, commencing their role in 2021. 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 • Nov 11First quarter 2023 earnings released: EPS: JP¥19.79 (vs JP¥15.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥19.79 (up from JP¥15.65 in 1Q 2022). Revenue: JP¥4.40b (up 18% from 1Q 2022). Net income: JP¥205.0m (up 27% from 1Q 2022). Profit margin: 4.7% (up from 4.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.
お知らせ • Oct 02System Support Inc. to Report Q1, 2023 Results on Nov 09, 2022System Support Inc. announced that they will report Q1, 2023 results on Nov 09, 2022
お知らせ • Aug 12System Support Inc., Annual General Meeting, Sep 27, 2022System Support Inc., Annual General Meeting, Sep 27, 2022.
Reported Earnings • Aug 12Full year 2022 earnings released: EPS: JP¥75.84 (vs JP¥65.40 in FY 2021)Full year 2022 results: EPS: JP¥75.84 (up from JP¥65.40 in FY 2021). Revenue: JP¥16.2b (up 12% from FY 2021). Net income: JP¥785.0m (up 17% from FY 2021). Profit margin: 4.8% (up from 4.7% 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 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥1,635, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%.
Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥1,635, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 27%.
お知らせ • Jul 07System Support Inc. to Report Fiscal Year 2022 Results on Aug 10, 2022System Support Inc. announced that they will report fiscal year 2022 results on Aug 10, 2022
Upcoming Dividend • Jun 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥28.21 (vs JP¥18.89 in 3Q 2021)Third quarter 2022 results: EPS: JP¥28.21 (up from JP¥18.89 in 3Q 2021). Revenue: JP¥4.15b (up 13% from 3Q 2021). Net income: JP¥292.0m (up 50% from 3Q 2021). Profit margin: 7.0% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Outside Director Sakamoto Yuko was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 08System Support Inc. to Report Q3, 2022 Results on May 11, 2022System Support Inc. announced that they will report Q3, 2022 results on May 11, 2022
Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥22.32 (up from JP¥20.15 in 2Q 2021). Revenue: JP¥4.07b (up 12% from 2Q 2021). Net income: JP¥231.0m (up 11% from 2Q 2021). Profit margin: 5.7% (in line with 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 11First quarter 2022 earnings released: EPS JP¥15.65 (vs JP¥13.29 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.72b (up 14% from 1Q 2021). Net income: JP¥162.0m (up 19% from 1Q 2021). Profit margin: 4.4% (up from 4.2% in 1Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥65.40 (vs JP¥44.82 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.4b (up 7.9% from FY 2020). Net income: JP¥674.0m (up 50% from FY 2020). Profit margin: 4.7% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 12Full year 2021 earnings released: EPS JP¥65.40 (vs JP¥44.82 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.4b (up 7.9% from FY 2020). Net income: JP¥674.0m (up 50% from FY 2020). Profit margin: 4.7% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.4%).
Reported Earnings • May 16Third quarter 2021 earnings released: EPS JP¥18.89 (vs JP¥16.37 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.69b (up 7.2% from 3Q 2020). Net income: JP¥195.0m (up 19% from 3Q 2020). Profit margin: 5.3% (up from 4.8% in 3Q 2020). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Feb 22New 90-day low: JP¥1,450The company is down 2.0% from its price of JP¥1,475 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.
Reported Earnings • Feb 15Second quarter 2021 earnings released: EPS JP¥20.15 (vs JP¥13.70 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.64b (up 10% from 2Q 2020). Net income: JP¥208.0m (up 51% from 2Q 2020). Profit margin: 5.7% (up from 4.2% in 2Q 2020). The increase in margin was driven by higher revenue.
