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System Integrator Corp.
(3826)
Select Model
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Rating:74Outperform
Price Target:
¥564.00
▲(26.46% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by strong financial stability (very low leverage and growing equity) and attractive valuation (low P/E with a reasonable dividend yield). Offsetting these positives are uneven earnings and cash-flow consistency, and a mostly neutral technical setup without strong momentum confirmation.
Positive Factors
Conservative balance sheet
Extremely low leverage and steady equity accumulation provide durable financial flexibility. With minimal debt and a doubling of equity over five years, the company has stronger downside protection, capacity for opportunistic M&A or capex, and resilience through cyclical downturns.
Negative Factors
Earnings volatility
Large year-to-year swings in net income indicate underlying earnings instability, which undermines forecasting accuracy and investor confidence. Persistent volatility can limit capital allocation clarity and make it harder to sustain consistent returns or to plan multi-year investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and steady equity accumulation provide durable financial flexibility. With minimal debt and a doubling of equity over five years, the company has stronger downside protection, capacity for opportunistic M&A or capex, and resilience through cyclical downturns.
Read all positive factors
System Integrator Corp. (3826) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.55B
Dividend Yield2.58%
Average Volume (3M)27.30K
Price to Earnings (P/E)10.3
Beta (1Y)0.66
Revenue Growth16.86%
EPS Growth-14.98%
CountryJP
Employees338
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)41.99
Shares Outstanding11,078,400
10 Day Avg. Volume38,630
30 Day Avg. Volume27,300
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)1.25
Price to Sales (P/S)1.01
P/FCF Ratio8.16
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 Integrator Corp. Business Overview & Revenue Model
Company Description
System Integrator Corp. plans, develops, and sells packaging software and cloud services in Japan. It offers ERP, EC, omni channel, project management, database development and design support, application design, and e-learning tools. The company’...
How the Company Makes Money
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System Integrator Corp. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
58
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.56B | 4.77B | 4.84B | 4.49B | 4.82B |
| Gross Profit | 1.90B | 1.52B | 1.61B | 1.56B | 1.67B |
| EBITDA | 732.31M | 421.20M | 350.23M | 429.21M | 790.40M |
| Net Income | 458.45M | 583.41M | 944.46M | 280.10M | 391.01M |
Balance Sheet | |||||
| Total Assets | 5.68B | 4.98B | 4.75B | 3.81B | 3.60B |
| Cash, Cash Equivalents and Short-Term Investments | 3.23B | 2.97B | 2.99B | 1.96B | 1.63B |
| Total Debt | 13.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.22B | 865.33M | 1.09B | 937.65M | 885.03M |
| Stockholders Equity | 4.46B | 4.11B | 3.67B | 2.87B | 2.71B |
Cash Flow | |||||
| Free Cash Flow | 685.19M | -456.89M | 260.23M | 610.99M | 260.55M |
| Operating Cash Flow | 693.43M | -360.38M | 275.07M | 625.57M | 406.45M |
| Investing Cash Flow | -688.89M | -69.81M | 958.21M | -123.68M | -160.31M |
| Financing Cash Flow | -111.52M | -131.01M | -86.87M | -168.94M | -88.44M |
System Integrator Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥30.14B | 11.78 | ― | 2.93% | 10.84% | 11.95% | |
74 Outperform | ¥5.55B | 10.29 | ― | 2.28% | 16.86% | -14.98% | |
71 Outperform | ¥6.51B | 11.69 | ― | 1.87% | 6.46% | 38.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥4.12B | 61.99 | ― | 2.78% | 0.55% | 203.52% | |
44 Neutral | ¥5.40B | 161.29 | ― | ― | -0.48% | ― |
* Technology Sector Average
JP:3826
System Integrator Corp.
504.00
77.30
18.11%
JP:3771
System Research Co., Ltd.
1,803.00
-212.42
-10.54%
JP:4491
Computer Management Co., Ltd.
3,195.00
365.74
12.93%
JP:4829
Nihon Enterprise Co., Ltd.
107.00
-8.87
-7.65%
JP:7527
SystemSoft Corporation
51.00
-11.00
-17.74%
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.