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OBIC Co
(4684)
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Rating:80Outperform
Price Target:
¥5,465.00
▲(30.37% Upside)
Action:Reiterated
Date:07/26/26
The score is driven primarily by outstanding financial quality—exceptional margins, strong free-cash-flow conversion, and a debt-free balance sheet. Technicals are moderately positive (above key short/intermediate averages but still below the 200-day), while valuation is fair-to-slightly elevated (P/E ~23.25) and supported by a ~2.0% dividend yield.
Positive Factors
Exceptional profitability
Sustained, very high margins reflect strong pricing power and a scalable software business model. Such structural profitability supports durable cash generation, reinvestment in product and services, and the ability to sustain payouts or strategic investments over multiple years.
Negative Factors
Moderating revenue growth
Slower top-line acceleration reduces the compounding base for future earnings and heightens pressure on margins and ROE to sustain investor returns. If product adoption or new sales slow, long-term profit expansion and reinvestment capacity can be constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional profitability
Sustained, very high margins reflect strong pricing power and a scalable software business model. Such structural profitability supports durable cash generation, reinvestment in product and services, and the ability to sustain payouts or strategic investments over multiple years.
Read all positive factors
OBIC Co (4684) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.93T
Dividend Yield1.86%
Average Volume (3M)1.07M
Price to Earnings (P/E)25.1
Beta (1Y)0.17
Revenue Growth11.68%
EPS Growth17.73%
CountryJP
Employees2,256
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)180.27
Shares Outstanding492,000,000
10 Day Avg. Volume1,129,010
30 Day Avg. Volume1,068,423
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)3.27
Price to Sales (P/S)12.48
P/FCF Ratio23.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,500.00Price Target Upside7.35% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)194.03
Revenue Forecast (FY)¥150.44B
OBIC Co Business Overview & Revenue Model
Company Description
OBIC Co.,Ltd., in collaboration with its affiliated companies, delivers a comprehensive suite of technological solutions. These include custom system integration, continuous system support, office automation solutions, and off-the-shelf software p...
How the Company Makes Money
OBIC primarily makes money by providing enterprise software and related services to corporate clients. Key revenue streams typically include: (1) Software license and package sales: revenue from selling its integrated business management software ...
OBIC Co Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.48B | 135.21B | 121.24B | 111.59B | 100.17B | 89.48B |
| Gross Profit | 109.28B | 105.67B | 94.39B | 86.43B | 77.22B | 67.96B |
| EBITDA | 105.14B | 107.44B | 92.77B | 83.61B | 72.73B | 62.22B |
| Net Income | 78.38B | 75.19B | 64.62B | 58.01B | 50.12B | 43.50B |
Balance Sheet | ||||||
| Total Assets | 583.97B | 618.80B | 500.38B | 462.17B | 366.71B | 323.93B |
| Cash, Cash Equivalents and Short-Term Investments | 194.29B | 207.38B | 200.06B | 170.24B | 156.32B | 122.70B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 91.20B | 102.78B | 66.52B | 63.47B | 38.84B | 30.36B |
| Stockholders Equity | 492.77B | 516.01B | 433.85B | 398.69B | 327.86B | 293.57B |
Cash Flow | ||||||
| Free Cash Flow | 72.57B | 71.53B | 60.73B | 52.10B | 51.84B | 37.15B |
| Operating Cash Flow | 74.52B | 73.75B | 62.79B | 55.83B | 52.96B | 38.97B |
| Investing Cash Flow | -1.21B | -2.02B | -3.93B | -2.21B | 1.28B | -44.05B |
| Financing Cash Flow | -78.06B | -64.40B | -29.04B | -39.70B | -20.62B | -22.96B |
OBIC Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.93T | 25.10 | 15.84% | 2.00% | 11.68% | 17.73% | |
79 Outperform | ¥27.03B | 12.95 | ― | 4.58% | 8.18% | 35.49% | |
77 Outperform | ¥73.36B | 14.96 | 32.68% | 3.53% | 17.64% | 47.00% | |
73 Outperform | ¥1.14T | 17.91 | 35.40% | 2.41% | 8.18% | 4.64% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥302.65B | 69.58 | 10.13% | ― | 28.28% | ― | |
55 Neutral | ¥155.37B | 223.47 | ― | ― | 30.48% | ― |
* Technology Sector Average
JP:4684
OBIC Co
4,562.00
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-14.95%
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OBIC Co Corporate Events
OBIC completes restricted share-based remuneration disposal of treasury shares
Jul 24, 2026
OBIC Co., Ltd. has completed the payment procedures for the disposal of 22,700 treasury shares, which are being allocated as restricted share-based remuneration to four internal directors. The disposal, approved by the Board of Directors in late J...
OBIC Delivers Double-Digit Q1 Growth and Confirms Higher Dividend Outlook
Jul 22, 2026
OBIC reported robust results for the three months ended June 30, 2026, with net sales rising 13.2% year on year to ¥36.7 billion and profit attributable to owners of parent climbing 16.3% to ¥22.7 billion, lifting basic earnings per shar...
OBIC Reports No Share Repurchases in June Under Ongoing Buyback Program
Jun 30, 2026
OBIC Co., Ltd. reported the latest status of its share repurchase program, noting that no shares were bought back between June 1 and June 30, 2026, despite authorization to conduct market purchases on the Tokyo Stock Exchange. The company had prev...
OBIC Grants Restricted Treasury Shares to Directors Under Incentive Plan
Jun 25, 2026
OBIC Co. has approved the disposal of 22,700 treasury shares as restricted share-based remuneration to four internal directors, priced at ¥3,739 per share for a total of about ¥84.9 million. The directors will contribute their monetary r...
OBIC Reports Progress on Share Buyback Program
May 31, 2026
OBIC Co., Ltd. reported progress on its ongoing share repurchase program authorized by its board in April 2026. Between May 1 and May 31, the company bought back 1,713,300 common shares on the Tokyo Stock Exchange for a total of ¥7.08 billion...
OBIC Cancels 6 Million Treasury Shares, Trimming Total Issued Stock
May 29, 2026
OBIC Co., Ltd., a leading Japanese enterprise software and IT services provider listed on the TSE Prime Market, focuses on supplying corporate clients with systems that enhance business efficiency and planning. Its market presence centers on deliv...
OBIC Reports Initial Progress on ¥50 Billion Share Buyback Program
Apr 30, 2026
OBIC Co., Ltd. has disclosed the latest progress of its ongoing share repurchase program authorized by its board on April 21, 2026. The company is buying back its common shares on the Tokyo Stock Exchange as part of a broader capital policy design...
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.