System D Inc. (JP:3804)
:3804
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System D Inc.
(3804)
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Rating:66Neutral
Price Target:
¥1,933.00
▲(1.47% Upside)
Action:ReiteratedDate:03/27/26
The score is primarily supported by strong financial performance (healthy margins and very low leverage). It is tempered by a mixed technical picture (below the 200-day average with negative MACD) and a valuation that appears only moderately attractive given a mid-20s P/E and a ~1.8% dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and steady equity growth create durable financial flexibility. With minimal debt the company can absorb downturns, fund R&D or M&A, and support dividends or buybacks without stressing interest coverage, strengthening long-term resilience.
Negative Factors
Top-line slowdown and decline
A multi-year revenue slowdown that moved into contraction reduces scale and growth optionality. Persistent top-line weakness can erode operating leverage, limit reinvestment ROI, and pressure long-term earnings and cash-flow growth absent a durable recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and steady equity growth create durable financial flexibility. With minimal debt the company can absorb downturns, fund R&D or M&A, and support dividends or buybacks without stressing interest coverage, strengthening long-term resilience.
Read all positive factors
System D Inc. (3804) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.06B
Dividend Yield1.51%
Average Volume (3M)1.83K
Price to Earnings (P/E)25.6
Beta (1Y)0.20
Revenue Growth8.65%
EPS Growth12.86%
CountryJP
Employees280
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)16.58
Shares Outstanding6,498,000
10 Day Avg. Volume1,050
30 Day Avg. Volume1,833
Financial Highlights & Ratios
PEG Ratio1.55
Price to Book (P/B)2.50
Price to Sales (P/S)2.49
P/FCF Ratio11.72
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
System D Inc. Business Overview & Revenue Model
Company Description
System D Inc. (3804) is a technology company specializing in innovative software solutions and digital services. Focused on the telecommunications and information technology sectors, the company develops a range of products that enhance network ef...
System D Inc. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.03B | 4.63B | 4.74B | 4.23B | 3.84B |
| Gross Profit | 2.18B | 2.00B | 2.07B | 1.95B | 1.82B |
| EBITDA | 1.45B | 1.36B | 1.39B | 1.38B | 1.21B |
| Net Income | 627.89M | 555.95M | 632.70M | 591.58M | 573.60M |
Balance Sheet | |||||
| Total Assets | 7.37B | 6.96B | 6.25B | 5.90B | 4.70B |
| Cash, Cash Equivalents and Short-Term Investments | 2.50B | 2.03B | 1.19B | 1.23B | 1.14B |
| Total Debt | 193.37M | 313.36M | 433.35M | 561.71M | 40.26M |
| Total Liabilities | 2.36B | 2.46B | 2.15B | 2.32B | 1.60B |
| Stockholders Equity | 5.01B | 4.51B | 4.09B | 3.58B | 3.10B |
Cash Flow | |||||
| Free Cash Flow | 1.07B | 1.49B | 702.51M | 68.53M | 842.93M |
| Operating Cash Flow | 1.08B | 1.50B | 900.33M | 1.17B | 868.04M |
| Investing Cash Flow | -741.00M | -398.54M | -682.47M | -1.49B | -478.04M |
| Financing Cash Flow | -261.67M | -266.74M | -255.83M | 406.51M | -342.14M |
System D Inc. Technical Analysis
Positive
1905.00
Price Trends
1607.32
Positive
1753.93
Negative
1914.55
Negative
Market Momentum
17.19
Negative
61.05
Neutral
63.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3804, the sentiment is Positive. The current price of 1905 is above the 20-day moving average (MA) of 1559.30, above the 50-day MA of 1607.32, and below the 200-day MA of 1914.55, indicating a neutral trend. The MACD of 17.19 indicates Negative momentum. The RSI at 61.05 is Neutral, neither overbought nor oversold. The STOCH value of 63.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3804.
System D Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥21.78B | 19.31 | ― | 3.86% | 0.50% | 17.15% | |
77 Outperform | ¥29.06B | 12.67 | ― | 2.93% | 11.53% | 23.23% | |
66 Neutral | ¥11.06B | 25.64 | ― | 1.51% | 8.65% | 12.86% | |
63 Neutral | ¥4.96B | 9.17 | ― | 2.28% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ¥11.38B | -39.56 | ― | ― | -6.35% | 71.66% | |
47 Neutral | ¥4.58B | -18.61 | ― | ― | -40.57% | 83.14% |
* Technology Sector Average
JP:3804
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-27.03%
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.