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  2. •

    Technology services

  3. •

    Packaged software
System Support Holdings Inc.

System Support Holdings Inc.

TTSE:4396
1,568.00
JPY
+64.00
(+4.26%)
67.90EPS
12.94P/E
18.01BMarket Cap
Nov 11Next Earn
System Support Holdings Inc.
TSE:4396
(Tokyo Stock Exchange)

Recent

price

1,568.00

P/E

ratio

12.94

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
419.04
623.82
662.92
599.43
666.06
700.17
782.5
930.2
1,063.73
1,306.95
1,186.47
Revenue per Share
7.9
15.07
14.54
17.6
22.41
32.72
37.95
48.76
59.12
70.72
68.02
Basic EPS, GAAP
4.43
27.12
31.78
-5.17
44.51
23.68
44.13
43.52
63.78
100.58
- -
Free Cash Flow per Basic Share
- -
0.37
0.38
0.29
0.75
4.86
16.44
13.97
17.51
23.48
- -
Dividend per Share
5.09
17.79
28.86
98.19
119.72
144.57
165.16
199.16
244.13
290.19
261.62
Book Value per Share
-6.48
2.89
14.13
83.74
108.82
134.28
146.82
184.65
231.99
264.84
233.52
Tangible Book Value per Share
19
14
15
20
20
21
21
21
21
21
21
Basic Weighted Avg Shares
8,113
8,865
9,970
11,762
13,376
14,431
16,198
19,267
22,030
26,938
24,455
Sales/Revenue/Turnover
2.49
3.13
4.04
4.5
5.64
6.45
7.39
7.56
7.58
8.24
8.19
Operating Margin (%)
140
171
189
179
171
179
186
210
222
261
- -
Depreciation Expense
153
214
219
345
450
674
786
1,010
1,224
1,458
1,402
Net Income, GAAP
15.44
11
35.81
31.13
31.57
27.51
33.21
29.4
30.67
35.05
32.29
Effective Tax Rate (%)
1.89
2.42
2.19
2.94
3.36
4.67
4.85
5.24
5.56
5.41
5.73
Profit Margin (%)
-28
264
261
1,440
1,664
2,196
2,617
3,268
3,899
4,654
4,536
Working Capital
401
501
430
317
251
201
286
400
270
895
1,084
LT Debt
99
344
559
1,977
2,408
2,993
3,421
4,125
5,056
6,012
5,350
Total Equity
- -
12.42
11.83
12.88
14.71
17.13
17.43
19.53
19.22
18.93
17.41
Return on Invested Capital (%)
- -
12.63
11.28
13.41
13.86
18.32
18.44
20.54
21.62
20.94
19.22
Return on Capital (%)
- -
96.68
48.43
27.23
20.53
24.98
24.5
26.77
26.67
26.34
28.11
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
ST Debt
791
1,449
1,786
LT Borrowings
167
1,039
954
LT Finance Leases
103
132
130
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
20
20
Market Capitalization
19,633
19,951
18,006

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
Total Current Assets
8,165
8,676
9,749
Cash, Cash Equivalents & STI
4,253
4,367
4,665
Accounts Receivable, Net
3,132
3,785
4,658
Inventories
58
59
63
Total Current Liabilities
4,266
4,606
5,213
Payables & Accruals
- -
- -
- -
ST Debt
791
1,449
1,786
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.13%
18.91%
Free Cash Flow
- -
28.78%
56.94%
Net Income, GAAP
- -
27.04%
19.05%
Sales/Revenue/Turnover
- -
15.14%
22.28%
Total Cash Common Dividend
- -
170%
33.45%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,034
5,601
5,711
5,684
22,030
2025
6,154
6,906
- -
- -
26,938
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.66
16.03
16.78
12.66
59.12
2025
12.04
26.63
- -
- -
70.72
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17.51
2025
- -
- -
- -
- -
23.48
2026
- -
- -
- -
- -
- -
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Business
System Support Inc. (TSE:4396) operates as the principal operating subsidiary of System Support Holdings Inc. and provides comprehensive information technology services focused on system planning, development, integration, operation, and maintenance across Japan and internationally. The company offers a diverse portfolio of proprietary software products including Tate Yakusha, a construction work information management system; Shugyo Yakusha, an attendance and work management system; SHIFTEE, a cloud-based shift management system; Voicetant Writer and Voicetant Recorder for voice-operated input; SmartDWH, a cloud-based data warehousing solution; PinMap for customer information mapping; MOS, a mobile order reception system; PC Keneki Kenchikun, a security check system for external devices; ADDPLAT, a data analysis platform; Smart Rabbit, a food inventory management system for restaurants; and Smart Generative Chat, a generative AI assistant system; as well as specialized solutions such as system consulting, IT task support, outsourcing, ERP packages, Oracle database services, cloud platforms including AWS, Azure, and Google Cloud, ServiceNow implementations, RPA automation, infrastructure, virtualization, and workflow digitization tools. Founded originally in 1980 and headquartered in Kanazawa, Ishikawa Prefecture, Japan, with offices in Tokyo, Nagoya, Osaka, and international subsidiaries in the United States and Canada, the company serves industries ranging from construction and healthcare to retail and manufacturing, supporting digital transformation through vertical-specific cloud and automation solutions. Recent developments include a transition to a holding company structure in January 2025, with System Support Inc. taking over core operations from System Support Holdings Inc.; acquisitions of Communication Planning Corporation in July 2024 for ¥600 million to bolster ERP and HR consulting capabilities and Echo System Co., Ltd. in 2025 for ¥577 million to expand cloud integration and software development in western Japan; STS Innovation, Inc. acquiring SI, DX consulting, and cloud businesses from MultiNet International Inc. in 2024; and the launch of new products like Smart Generative Chat leveraging Azure OpenAI, Amazon Bedrock, and Google Vertex AI.