Quest Co., Ltd. (JP:2332)
:2332
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Quest Co., Ltd.
(2332)
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Rating:80Outperform
Price Target:
¥2,314.00
▲(43.82% Upside)
Action:Reiterated
Date:05/27/26
Overall score is driven primarily by strong financial performance (notably very low leverage and steady ROE) alongside solid technical momentum (price above major moving averages with positive MACD). Valuation further supports the score with a low P/E and a healthy dividend yield. The main risk factor is recent margin compression and inconsistent operating cash conversion.
Positive Factors
Conservative Balance Sheet
The company’s virtually debt-free capital structure and rising equity provide durable financial flexibility. Low leverage reduces insolvency risk, enables counter-cyclical investment or M&A, and supports steady dividends or capex without relying on external financing for the next 2–6 months and beyond.
Negative Factors
Margin Compression
Declining gross and net margins point to rising input costs, pricing pressure, or mix shifts that erode profitability. If persistent, margin compression will reduce retained earnings and ROIC, making it harder to fund growth or improve returns even if revenue keeps rising over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The company’s virtually debt-free capital structure and rising equity provide durable financial flexibility. Low leverage reduces insolvency risk, enables counter-cyclical investment or M&A, and supports steady dividends or capex without relying on external financing for the next 2–6 months and beyond.
Read all positive factors
Quest Co., Ltd. (2332) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥10.54B
Dividend Yield3.16%
Average Volume (3M)7.69K
Price to Earnings (P/E)12.6
Beta (1Y)0.68
Revenue Growth19.23%
EPS Growth6.36%
CountryJP
Employees966
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)141.51
Shares Outstanding5,487,768
10 Day Avg. Volume7,450
30 Day Avg. Volume7,686
Financial Highlights & Ratios
PEG Ratio1.52
Price to Book (P/B)1.04
Price to Sales (P/S)0.43
P/FCF Ratio17.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Quest Co., Ltd. Business Overview & Revenue Model
Company Description
Quest Co., Ltd. provides IT services and solutions in Japan. It provides system development and maintenance services; IT infrastructure design, construction, maintenance, operation, and management services; application and infrastructure solutions...
How the Company Makes Money
null...
Quest Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.74B | 17.81B | 14.94B | 14.22B | 14.20B | 11.81B |
| Gross Profit | 2.83B | 3.02B | 2.75B | 2.62B | 2.58B | 2.04B |
| EBITDA | 1.22B | 1.30B | 1.22B | 1.17B | 1.15B | 979.48M |
| Net Income | 758.25M | 800.74M | 767.59M | 696.18M | 690.29M | 690.41M |
Balance Sheet | ||||||
| Total Assets | 9.98B | 10.36B | 10.22B | 9.46B | 9.04B | 7.94B |
| Cash, Cash Equivalents and Short-Term Investments | 2.88B | 3.06B | 3.53B | 3.20B | 2.66B | 2.17B |
| Total Debt | 195.70M | 9.92M | 11.68M | 15.04M | 3.80M | 7.43M |
| Total Liabilities | 2.90B | 2.90B | 2.97B | 2.67B | 2.78B | 2.28B |
| Stockholders Equity | 7.08B | 7.46B | 7.25B | 6.79B | 6.27B | 5.67B |
Cash Flow | ||||||
| Free Cash Flow | 145.76M | 446.11M | 588.54M | 500.71M | 648.07M | 450.55M |
| Operating Cash Flow | 145.76M | 510.29M | 590.98M | 709.34M | 659.93M | 458.29M |
| Investing Cash Flow | 4.96M | -68.13M | 91.31M | -2.15M | -150.81M | -1.14B |
| Financing Cash Flow | -131.19M | -915.93M | -265.58M | -251.96M | -326.42M | -210.62M |
Quest Co., Ltd. Technical Analysis
Positive
1609.00
Price Trends
1725.77
Positive
1695.75
Positive
1590.49
Positive
Market Momentum
63.09
Negative
55.78
Neutral
53.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2332, the sentiment is Positive. The current price of 1609 is below the 20-day moving average (MA) of 1895.55, below the 50-day MA of 1725.77, and above the 200-day MA of 1590.49, indicating a bullish trend. The MACD of 63.09 indicates Negative momentum. The RSI at 55.78 is Neutral, neither overbought nor oversold. The STOCH value of 53.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2332.
Quest Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥10.54B | 12.59 | ― | 3.16% | 19.23% | 6.36% | |
69 Neutral | ¥6.56B | 8.37 | ― | 3.37% | 4.97% | 8.75% | |
64 Neutral | ¥15.99B | 14.07 | ― | 2.36% | -2.06% | 87.60% | |
63 Neutral | ¥8.54B | 14.04 | ― | 0.95% | 10.61% | -1.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | ¥10.43B | -3.06 | ― | 5.03% | -6.49% | -402.49% | |
44 Neutral | ¥6.47B | -44.13 | ― | ― | -10.02% | 98.58% |
* Technology Sector Average
JP:2332
Quest Co., Ltd.
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Quest Co., Ltd. Corporate Events
Quest Revamps Top Management to Drive Long-Term Growth and Strengthen Governance
May 13, 2026
Quest Co., Ltd. announced that its board has informally approved changes to its representative directors, to be finalized after shareholder approval at the 62nd Ordinary General Meeting on June 24, 2026. The leadership reshuffle is aimed at realiz...
Quest Co. Raises Year-End Dividend Forecast for FY2025
May 13, 2026
Quest Co., Ltd. has announced that its board resolved to pay a year-end dividend of 58 yen per share for the fiscal year ended March 31, 2026, with a total payout of 297 million yen and an effective date of June 25, 2026. The proposed dividend exc...
Quest Co. Lifts Sales and Earnings While Maintaining Solid Balance Sheet and Steady Dividends
May 13, 2026
Quest Co., Ltd. reported consolidated net sales of ¥17.8 billion for the fiscal year ended March 31, 2026, up 19.2% year on year, while operating profit edged up 3.4% to ¥1.09 billion and profit attributable to owners of parent rose 4.3%...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.