EM Systems Co., Ltd.

EM Systems Co., Ltd.

3.08
EUR
+0.04
(+1.32%)
177.33MMarket Cap
Nov 13Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
166.83
182.38
174.42
190
194.85
196.44
185.62
198.72
203
238.96
287.98
353.76
341.94
- -
Basic EPS, GAAP
17.5
22.78
14.95
23.33
30.15
33.35
27.86
19.74
25.72
26.74
27.76
34.54
35.44
- -
Free Cash Flow per Basic Share
3.42
11.68
20.06
27.54
25.03
28.28
8.79
16.78
15.71
28.46
11.71
72.28
9.06
- -
Dividend per Share
3.85
3.72
5.21
5.74
5.86
8.95
10.01
9.47
10.04
11.03
15
16
42.94
- -
Book Value per Share
120.7
143.67
158.26
174.34
199.15
225.43
236.36
248.77
263.88
275.7
290.24
297.83
294.53
288.09
Tangible Book Value per Share
117.08
135.15
147.71
164.4
190.46
215.87
208.3
213.18
228.49
242.83
216.9
247.3
236.47
227.23
Basic Weighted Avg Shares
61
62
65
69
70
71
71
71
71
71
71
70
69
69
Sales/Revenue/Turnover
10,257
11,369
11,257
13,199
13,676
13,953
13,133
14,023
14,436
16,919
20,355
24,837
23,658
- -
Operating Margin (%)
11.87
14.78
11.03
14.16
19.04
22.01
20.03
11.35
13.02
14.22
11.49
18.01
15.58
- -
Depreciation Expense
734
749
732
889
668
596
544
629
973
970
1,458
1,564
1,295
- -
Net Income, GAAP
1,076
1,420
965
1,621
2,116
2,369
1,971
1,393
1,829
1,893
1,962
2,425
2,452
- -
Effective Tax Rate (%)
39
37.29
41.05
33.77
33.27
34.04
34.92
34.63
30.28
32.77
27.85
33.73
32.01
- -
Profit Margin (%)
10.49
12.49
8.57
12.28
15.47
16.98
15.01
9.93
12.67
11.19
9.64
9.76
10.36
- -
Working Capital
788
2,255
4,084
5,148
6,971
7,810
7,265
7,740
8,407
8,905
9,182
9,277
7,179
6,540
LT Debt
3,499
3,162
2,468
1,839
1,286
209
87
20
1
74
1,564
569
7
246
Total Equity
7,445
9,204
11,010
12,172
14,064
16,051
16,618
17,689
18,825
19,501
20,564
20,618
20,429
19,995
Return on Invested Capital (%)
5.89
7.76
4.91
7.87
10.51
11.67
9.73
5.83
6.91
8.04
7.63
12.38
11.02
- -
Return on Capital (%)
9.14
11.18
6.89
10.9
13.55
14.36
11.71
8.05
10.09
9.96
9.11
10.66
11.35
- -
Return on Common Equity (%)
15.36
17.06
9.55
13.98
16.13
15.73
12.07
8.12
10.03
9.9
9.81
11.8
11.97
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
894
- -
159
LT Borrowings
986
- -
246
LT Finance Leases
3
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
69
69
Market Capitalization
41,807
44,694
32,935

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
15,214
- -
11,792
Cash, Cash Equivalents & STI
9,490
- -
6,583
Accounts Receivable, Net
3,403
- -
2,971
Inventories
1,123
- -
549
Total Current Liabilities
6,247
- -
5,252
Payables & Accruals
- -
- -
- -
ST Debt
894
- -
159
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.5%
2.96%
-0.92%
Free Cash Flow
51.63%
88.22%
-87.65%
Net Income, GAAP
12.75%
12.63%
1.11%
Sales/Revenue/Turnover
8.15%
11.55%
-4.75%
Total Cash Common Dividend
30.47%
44.5%
164.56%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,571
5,418
- -
- -
24,837
2025
- -
- -
- -
- -
23,658
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.09
5.9
- -
- -
34.54
2025
- -
- -
- -
- -
35.44
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16
2025
- -
- -
- -
- -
42.94
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hiromasa Kunimitsu
Full Time Employees
858
Sector
Technology services
Industry
Packaged software
Address
Shin-Osaka Brick Building Osaka OS Japan 532-0003
IPO Date
Dec 15, 2000
Business
EM Systems Co., Ltd. develops, sells, and maintains specialized IT systems for pharmacies, clinics, and long-term care/welfare providers in Japan. The company offers pharmacy systems including medical fee receipt computers, electronic medication record systems such as MAPs for PHARMACY, MAPs for PHARMACY DX, Recepty NEXT, and Bungyo-Mate; medical systems for clinics and hospitals encompassing medical accounting software and electronic medical records like MAPs for CLINIC, MRN, Ortia, and UNI-MEDICAL; nursing care and welfare systems such as HIBIKI-SYMPHONY, SUKOYAKA-san, and MAPs for NURSING CARE; as well as other services including cloud-based subscription models, application service provider Internet dispensing support, statistical information analysis, cashless payments via subsidiary ChoQi Co., Ltd., and pharmacy operations through Brick Pharmacy Inc. EM Systems operates 33 sales offices nationwide, holds leading market shares of 43.9% in pharmacy IT systems, 3.6% in clinic systems, and 4.9% in nursing care systems as of December 2024, and maintains a network integrating healthcare data across providers. Founded in 1980 and headquartered at 6-1 Miyahara 1-chome, Yodogawa-ku, Osaka, the company lists on the Tokyo Stock Exchange Prime section (4820) and oversees subsidiaries including EM Technology Laboratory Co., Ltd., Good Cycle System Inc., precal, Inc., Pop-Creation Co., Ltd., UNIKE SOFTWARE RESEARCH CO., LTD., Brick Pharmacy Inc., EM TOWN Co., Ltd., Lasante Co., Ltd., Meisho System Co., Ltd., and overseas entities EM Software Systems Development (N.J.) Co., Ltd. and EM Software Systems Development (S.H.) Co., Ltd. Recent developments include treasury stock acquisitions from February 2024 totaling 1,600,000 shares for ¥1,000 million to support flexible capital policy, upgrades to FY2025 Q1-Q2 forecasts amid progress in medical DX initiatives like online eligibility verification and electronic prescription systems, and a new mid-term management plan for FY2025-FY2027 emphasizing growth investments, M&A, and shareholder returns with targeted free cash flow of ¥7,500 million.