Keyware Solutions Inc. (JP:3799)
:3799
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Keyware Solutions Inc.
(3799)
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Rating:68Neutral
Price Target:
¥1,145.00
▲(8.12% Upside)
Action:Reiterated
Date:05/17/26
The score is supported primarily by a very conservative, low-risk balance sheet and steady revenue growth, plus reasonable valuation and dividend yield. The main drag is weak technical momentum with the stock trading below key moving averages and bearish MACD/RSI/Stoch readings, alongside prior volatility in profitability and cash-flow consistency.
Positive Factors
Conservative balance sheet
Zero reported debt and sizable equity materially reduce financial risk and interest burden, giving durable capital allocation flexibility. This balance-sheet strength supports R&D and client project funding, cushions downturns and preserves options for dividends or opportunistic M&A over the medium term.
Negative Factors
Earnings volatility / net income decline
Profitability falling while revenue rose suggests margin pressure or rising costs below gross profit. This earnings volatility undermines earnings quality, complicates forecasting and may constrain sustainable investment, dividends or hiring if the trend persists over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and sizable equity materially reduce financial risk and interest burden, giving durable capital allocation flexibility. This balance-sheet strength supports R&D and client project funding, cushions downturns and preserves options for dividends or opportunistic M&A over the medium term.
Read all positive factors
Keyware Solutions Inc. (3799) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.11B
Dividend Yield4.16%
Average Volume (3M)8.14K
Price to Earnings (P/E)10.5
Beta (1Y)0.69
Revenue Growth7.69%
EPS Growth-24.82%
CountryJP
Employees1,272
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)137.31
Shares Outstanding9,110,000
10 Day Avg. Volume6,850
30 Day Avg. Volume8,143
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.16
Price to Sales (P/S)0.41
P/FCF Ratio4.78
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
Keyware Solutions Inc. Business Overview & Revenue Model
Company Description
Keyware Solutions Inc., headquartered in Tokyo and founded in 1965 (originally known as Nippon Electronics Development Co., Ltd. until its name change in January 2001), specializes in developing and distributing information systems crucial for Jap...
How the Company Makes Money
Keyware Solutions Inc. generates revenue mainly through the sale of its software solutions and systems integration services. The company earns income by developing custom software tailored to client needs, providing ongoing system maintenance and ...
Keyware Solutions Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.63B | 22.72B | 21.10B | 20.51B | 19.17B | 18.43B |
| Gross Profit | 4.27B | 4.69B | 4.03B | 3.84B | 3.44B | 2.96B |
| EBITDA | 1.70B | 1.47B | 1.57B | 1.30B | 818.61M | 845.78M |
| Net Income | 1.11B | 801.99M | 1.03B | 729.50M | 482.80M | 556.04M |
Balance Sheet | ||||||
| Total Assets | 10.26B | 12.01B | 10.78B | 12.53B | 11.15B | 10.75B |
| Cash, Cash Equivalents and Short-Term Investments | 2.50B | 3.37B | 1.86B | 1.96B | 1.04B | 910.39M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 375.00M |
| Total Liabilities | 2.91B | 4.01B | 3.21B | 3.89B | 3.35B | 3.29B |
| Stockholders Equity | 7.34B | 8.00B | 7.57B | 8.64B | 7.81B | 7.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.94B | -579.58M | 1.09B | 638.15M | 547.04M |
| Operating Cash Flow | 0.00 | 1.99B | -333.36M | 1.18B | 653.67M | 552.71M |
| Investing Cash Flow | 0.00 | -77.48M | 398.22M | -157.63M | -50.85M | -394.10M |
| Financing Cash Flow | 0.00 | -408.02M | -166.05M | -99.72M | -474.62M | -343.60M |
Keyware Solutions Inc. Technical Analysis
Neutral
1059.00
Price Trends
1044.58
Negative
1110.53
Negative
1110.20
Negative
Market Momentum
-12.54
Negative
50.94
Neutral
95.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3799, the sentiment is Neutral. The current price of 1059 is above the 20-day moving average (MA) of 989.10, above the 50-day MA of 1044.58, and below the 200-day MA of 1110.20, indicating a neutral trend. The MACD of -12.54 indicates Negative momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 95.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3799.
Keyware Solutions Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥8.92B | 10.84 | ― | 1.61% | -5.57% | 5.31% | |
68 Neutral | ¥8.11B | 10.53 | ― | 4.16% | 7.69% | -24.82% | |
63 Neutral | ¥8.15B | 13.32 | ― | 0.95% | 10.61% | -1.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥9.49B | 21.94 | ― | ― | 43.22% | 94.19% | |
45 Neutral | ¥10.96B | -4.07 | ― | 5.03% | -10.76% | -199.88% | |
44 Neutral | ¥5.43B | -37.82 | ― | ― | -10.02% | 98.58% |
* Technology Sector Average
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Keyware Solutions Inc. Corporate Events
Keyware Solutions Lifts Sales and Operating Profit but Warns of Full-Year Earnings Decline
Feb 18, 2026
Keyware Solutions reported consolidated sales of ¥16.3 billion for the nine months to December 31, 2025, up 8.4% year on year, with operating income more than doubling to ¥533 million and ordinary income rising 13.0%. However, profit att...
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.