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System Research Co., Ltd.

System Research Co., Ltd.

2,007.00
JPY
+48.00
(+2.45%)
27.86BMarket Cap
Oct 28Next Earn
System Research Co., Ltd.
TSE:3771
(Tokyo Stock Exchange)

Recent

price

2,007.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
383.73
430.19
456.37
544.53
599.36
626.05
690.28
760.67
846.57
972.17
966.62
1,101.06
1,289.55
1,395.11
1,563.19
1,754.39
- -
Revenue per Share
6.25
10.18
13.57
22.38
24.47
33.66
38.35
39.87
55.06
74.03
65.16
89.26
95.81
117.82
132.29
157.5
- -
Basic EPS, GAAP
2.15
7.19
22.12
-2.07
22.91
50.78
3.86
64.62
61.58
73.18
56.38
73.58
90.12
89.83
51.97
94.13
- -
Free Cash Flow per Basic Share
6.25
6.25
6.25
6.25
6.25
6.25
7.5
11.25
12.5
15
25
30
30
35
40.31
59.96
- -
Dividend per Share
132.67
136.63
144.05
160.13
194.49
215.37
247.5
279.02
321.46
376.2
426.98
486.03
545.78
628.68
712.95
811.76
- -
Book Value per Share
114.11
118.24
127.5
144.55
181.76
204.72
236.32
268.73
311.65
368.93
419.63
460.24
522.46
607.85
694.03
795.27
- -
Tangible Book Value per Share
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
Basic Weighted Avg Shares
6,416
7,192
7,630
9,103
10,020
10,466
11,539
12,716
14,152
16,251
16,158
18,405
21,556
23,320
25,931
29,083
- -
Sales/Revenue/Turnover
2.08
4.32
4.88
6.27
6.49
8.25
8.13
7.74
9.13
10.6
9.7
11.29
11.6
11.59
11.56
11.93
- -
Operating Margin (%)
108
102
148
147
148
143
139
118
121
125
117
120
162
177
206
269
- -
Depreciation Expense
104
170
227
374
409
563
641
666
920
1,238
1,089
1,492
1,602
1,969
2,195
2,611
- -
Net Income, GAAP
45.6
46.72
37.87
35.11
35.2
33.17
30.03
32.44
26.52
28.45
31.35
29.31
25.49
26.31
28.48
25.43
- -
Effective Tax Rate (%)
1.63
2.37
2.97
4.11
4.08
5.38
5.56
5.24
6.5
7.62
6.74
8.11
7.43
8.44
8.46
8.98
- -
Profit Margin (%)
1,708
1,500
1,551
1,866
2,205
2,660
3,173
3,373
4,111
5,087
5,750
6,331
7,519
8,029
8,477
9,201
- -
Working Capital
800
819
695
706
748
745
757
666
696
686
622
622
661
661
567
376
- -
LT Debt
2,218
2,284
2,413
2,680
3,255
3,603
4,140
4,667
5,378
6,294
7,145
8,134
9,136
10,524
11,829
13,485
- -
Total Equity
1.96
4.22
5.77
8.84
8.91
11.04
11.56
10.74
13.95
16.1
12.65
15.59
17.77
17.04
16.42
17.96
- -
Return on Invested Capital (%)
3.15
4.71
6.12
9.47
9.11
11.27
11.8
11.28
14.14
16.92
13.38
16.52
15.99
17.53
17.53
18.98
- -
Return on Capital (%)
4.71
7.56
9.67
14.72
13.8
16.42
16.57
15.14
18.34
21.22
16.23
19.55
18.57
20.06
19.67
20.66
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
735
581
- -
LT Borrowings
437
376
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
35,094
27,863
28,808

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
12,705
14,798
- -
Cash, Cash Equivalents & STI
7,020
8,430
- -
Accounts Receivable, Net
5,457
5,790
- -
Inventories
69
58
- -
Total Current Liabilities
4,585
5,597
- -
Payables & Accruals
- -
- -
- -
ST Debt
735
581
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.12%
13.55%
14%
Free Cash Flow
156.22%
18.21%
81%
Net Income, GAAP
17.62%
19.54%
18.97%
Sales/Revenue/Turnover
10.86%
12.51%
12.16%
Total Cash Common Dividend
- -
- -
48.65%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
25,931
2026
- -
- -
- -
- -
29,083
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
132.29
2026
- -
- -
- -
- -
157.5
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
40.31
2026
- -
- -
- -
- -
59.96
2027
- -
- -
- -
- -
- -
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Business
System Research Co., Ltd. (TSE: 3771) engages in system integration and software development services primarily in Japan. The company provides SI services including consulting, operations packages, document solutions, BI and data analysis, assessment services, ICT infrastructure, ERP, EC platforms, CRM/CTI systems, RPA, AI solutions, low-code development; software development for automotives, logistics, distribution, plant and production line control, telecommunications and control systems; software products such as Easy My Shop for e-commerce, Creator's Mall ALULU online marketplace, ilii Solutions for mail order/sales management, CTI/call center CRM including BIG series and add-on CTI, payroll and accounting management tools compliant with invoice systems; merchandise sales of personal computers, IT devices and software; website administration and cloud services (SaaS). System Research operates through branches in Nagoya (headquarters), Tokyo and Osaka, serving major customers including Toyota Group companies (around 30% of sales), SCSK Corporation, Fujitsu Limited and others across manufacturing, financial and distribution sectors; it maintains a consolidated subsidiary Sowel Co., Ltd. focused on social contributions including employment for persons with disabilities. Founded in 1981 and headquartered at 2-12 Iwatsukahon-dori, Nakamura-ku, Nagoya, Japan, the company executed a two-for-one common share split effective April 1, 2024 to enhance liquidity and amended its Articles of Incorporation accordingly; it reports record net sales of 23.3 billion yen for the fiscal year ended March 31, 2024 (up 8.1% year on year), with operating profit of 2.7 billion yen, driven by steady IT demand in automotives and finance, high engineer utilization and project risk management; for the fiscal year ending March 31, 2025, it forecasts net sales of 26.7 billion yen (up 14.5%) and operating profit of 3.1 billion yen under a medium-term plan targeting 33.9 billion yen in sales by FY3/27, alongside initiatives in DX, sustainability and engineer recruitment expansion to around 15% new graduates.