1. Japan Stocks

  2. •

    Technology services

  3. •

    Packaged software
System D Inc.

System D Inc.

TTSE:3804
450.00
JPY
+2.00
(+0.45%)
10.80BMarket Cap
Dec 21Next Earn
System D Inc.
TSE:3804
(Tokyo Stock Exchange)

Recent

price

450.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
- -
107.85
102.11
111.47
124.44
137.41
159.63
195.52
174.54
183.13
197.91
199.45
220.37
246.63
241
261.61
- -
Revenue per Share
- -
1.28
-9.71
6.8
9.51
7.47
6.88
12.25
13.28
19.66
26.22
29.78
30.8
32.94
28.93
32.64
- -
Basic EPS, GAAP
- -
-6.71
0.45
-5.45
8.89
-3.4
-8.28
39.81
24.92
14.03
28.87
20.23
-16.57
18.16
57.33
37.38
- -
Free Cash Flow per Basic Share
- -
0.49
0.41
0.56
0.5
0.5
0.5
0.83
1.65
2.3
3.33
4.7
5.98
6.64
7.64
7.36
- -
Dividend per Share
72.44
73.24
61.14
67.82
76.84
83.77
90.05
101.58
113.04
130.37
153.14
161.34
186.34
213.11
234.34
260.25
273.66
Book Value per Share
31.05
22.66
17.46
16
26.47
40.58
46.98
63.16
69.83
71.25
81.29
86.17
116.66
140.33
167.48
201.22
217.97
Tangible Book Value per Share
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
Basic Weighted Avg Shares
- -
1,997
1,949
2,171
2,424
2,676
3,109
3,808
3,399
3,567
3,855
3,842
4,233
4,737
4,632
5,032
- -
Sales/Revenue/Turnover
- -
7.64
1.39
6.52
7.79
5.87
6.22
9.22
11.51
15.02
18.87
21.04
21.21
19.29
17.89
18.64
- -
Operating Margin (%)
- -
187
202
189
264
370
363
392
348
303
370
400
487
472
527
510
- -
Depreciation Expense
- -
24
-185
132
185
145
134
238
259
383
511
574
592
633
556
628
- -
Net Income, GAAP
- -
47.34
- -
- -
- -
15.98
27.84
32.02
31.48
28.67
29.19
28.09
29.72
30.27
31.76
31.29
- -
Effective Tax Rate (%)
- -
1.18
-9.51
6.1
7.64
5.44
4.31
6.26
7.61
10.74
13.25
14.93
13.98
13.36
12
12.48
- -
Profit Margin (%)
425
421
185
27
306
523
592
832
651
551
675
681
520
696
1,160
1,684
1,987
Working Capital
609
681
526
424
524
445
414
364
282
149
40
8
433
313
193
73
13
LT Debt
1,342
1,356
1,191
1,321
1,497
1,632
1,754
1,979
2,202
2,539
2,983
3,099
3,579
4,093
4,506
5,007
5,269
Total Equity
- -
3.81
- -
- -
- -
4.89
4.68
7.92
9.39
13.08
15.97
17.2
16.22
13.88
11.58
12.3
- -
Return on Invested Capital (%)
- -
1.39
- -
- -
- -
5.83
4.87
8.61
9.85
14.06
17.19
18.31
16.27
14.63
11.92
12.56
- -
Return on Capital (%)
- -
1.75
-14.55
10.54
13.14
9.3
7.92
12.78
12.37
16.16
18.5
18.86
17.72
16.49
12.93
13.2
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jan'24
Apr'24
Apr'26
ST Debt
120
120
120
LT Borrowings
283
253
13
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
19
Market Capitalization
8,304
8,242
10,802

Working Capital

JPY

•

in mil. unless spec.
Jan'24
Apr'24
Apr'26
Total Current Assets
1,910
2,756
3,935
Cash, Cash Equivalents & STI
881
2,080
2,900
Accounts Receivable, Net
830
615
918
Inventories
164
27
76
Total Current Liabilities
1,267
1,829
1,947
Payables & Accruals
- -
- -
- -
ST Debt
120
120
120
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.93%
10.99%
11.13%
Free Cash Flow
-65.31%
-48.14%
-34.74%
Net Income, GAAP
18.31%
4.64%
12.94%
Sales/Revenue/Turnover
6.91%
5.64%
8.65%
Total Cash Common Dividend
33.92%
17.77%
-3.52%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
922
1,465
- -
- -
4,632
2025
- -
- -
- -
- -
5,032
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.58
14.24
- -
- -
28.93
2025
- -
- -
- -
- -
32.64
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7.64
2025
- -
- -
- -
- -
7.36
2026
- -
- -
- -
- -
- -
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Business
System D Inc. (TSE:3804) develops and provides system integration services, custom software development, package software products, and IT infrastructure solutions primarily to corporate clients in Japan. The company offers core products and services including system development for business applications such as accounting, sales management, and human resources systems; package software under brands like "System D ERP" for enterprise resource planning and "D's Suite" for document management and workflow automation; cloud-based SaaS offerings for digital transformation; and IT consulting, outsourcing, and maintenance services. It operates mainly in the domestic Japanese market with a focus on industries including manufacturing, distribution, finance, and healthcare, and maintains subsidiaries for software sales and support across major regions in Japan. Founded in 1974 and headquartered in Tokyo, Japan, System D Inc. serves small- to medium-sized enterprises as well as larger corporations seeking efficient IT solutions to streamline operations. The company emphasizes scalable, industry-specific software tailored to Japanese business practices, with geographic operations concentrated in Japan but extending support through regional offices in Tokyo, Osaka, and Nagoya. No major parent company relationships exist, as it operates independently on the Tokyo Stock Exchange. In recent developments, System D Inc. announced a strategic alliance in 2024 with a leading cloud provider to enhance its SaaS portfolio, launched an updated AI-integrated ERP product line in early 2025 targeting manufacturing sectors, and completed a minor acquisition of a regional IT consultancy to expand its outsourcing capabilities. These changes reflect the company's shift toward AI-driven solutions and cloud migration services amid Japan's digital transformation push. Additionally, it reported a funding round via stock issuance in late 2024 to support R&D investments.