Billing System Corporation (3623) AI Stock Analysis

• Market Cap: ¥6.68B
• Dividend Yield: 1.18%
• Average Volume (3M): 25.05K
• Price to Earnings (P/E): 15.3
• Beta (1Y): -0.21
• Revenue Growth: 6.95%
• EPS Growth: -9.62%
• Country: JP
• Employees: 102
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 21.51
• Shares Outstanding: 6,564,400
• 10 Day Avg. Volume: 28,840
• 30 Day Avg. Volume: 25,050
• PEG Ratio: 58.14
• Price to Book (P/B): 1.99
• Price to Sales (P/S): 1.37
• P/FCF Ratio: 1.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥1,112.00 ▲(11.65% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by strong financial quality (debt-free balance sheet, steady revenue growth, solid profitability), supported by reasonable valuation and dividend yield. This is tempered by weak-to-neutral technical positioning with the stock trading below major moving averages and by cash-flow/margin variability.

Positive Factors

Debt-free balance sheet

A zero-debt balance sheet materially lowers financial risk and preserves strategic optionality. Over the next 2–6 months this supports capacity for opportunistic investment, dividend or buyback flexibility, and resilience to macro shocks, strengthening long-term capital allocation.

Negative Factors

Cash flow volatility

Intermittent negative cash flow episodes reduce predictability of internal funding and elevate execution risk for multi-period plans. This variability complicates forecasting and could force defensive choices (cutting investment or using reserves) if adverse conditions recur.

Billing System Corporation Business Overview & Revenue Model

Company Description

Billing System Corporation provides settlement services in Japan. It offers settlement agency services, including account transfer, credit card payment, web direct debit contract acceptance, daily quotes/immediate quotes, payment slip settlement, ...

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Billing System Corporation provides settlement services in Japan. It offers settlement agency services, including account transfer, credit card payment, web direct debit contract acceptance, daily quotes/immediate quotes, payment slip settlement, ...

Billing System Corporation Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.35B	4.55B	4.22B	3.78B	3.43B	3.14B
Gross Profit	1.53B	1.62B	1.53B	1.37B	1.21B	1.03B
EBITDA	650.45M	690.46M	676.45M	518.36M	535.97M	401.53M
Net Income	383.00M	408.02M	406.90M	300.06M	323.04M	224.02M
Balance Sheet
Total Assets	34.41B	30.15B	25.96B	21.30B	15.16B	16.02B
Cash, Cash Equivalents and Short-Term Investments	32.31B	27.82B	23.80B	19.58B	13.58B	14.88B
Total Debt	840.00M	0.00	0.00	0.00	0.00	0.00
Total Liabilities	31.34B	26.87B	23.00B	18.69B	12.80B	13.93B
Stockholders Equity	2.94B	3.13B	2.83B	2.50B	2.26B	2.00B
Cash Flow
Free Cash Flow	0.00	4.20B	4.31B	6.00B	-1.14B	6.26B
Operating Cash Flow	0.00	4.20B	4.36B	6.13B	-1.12B	6.33B
Investing Cash Flow	0.00	-37.85M	-48.31M	-66.15M	-112.51M	-86.03M
Financing Cash Flow	0.00	-147.85M	-80.69M	-66.76M	-66.83M	-155.66M

Billing System Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 996.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3623, the sentiment is Positive. The current price of 996 is below the 20-day moving average (MA) of 1085.40, below the 50-day MA of 1049.42, and below the 200-day MA of 1049.54, indicating a neutral trend. The MACD of -5.24 indicates Positive momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 35.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3623.

Billing System Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4374	74 Outperform	¥9.46B	20.41	―	0.47%	19.35%	71.74%
3623	71 Outperform	¥6.68B	15.28	―	1.18%	6.95%	-9.62%
4431	71 Outperform	¥42.43B	20.49	―	0.52%	26.98%	19.69%
3633	65 Neutral	¥9.96B	13.23	―	2.16%	2.75%	25.24%
3769	64 Neutral	¥600.82B	35.93	20.54%	1.47%	11.81%	16.69%
4419	62 Neutral	¥49.41B	44.64	―	―	29.31%	62.60%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%