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Alpha Systems Inc.
(4719)
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Rating:74Outperform
Price Target:
¥3,802.00
▼(-7.83% Downside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by strong financial stability (no debt) and consistently solid profitability, supported by reasonable valuation and a strong dividend yield. These positives are partially offset by weak technical momentum, with the stock trading below key moving averages and a negative MACD.
Positive Factors
No Debt / Strong Balance Sheet
Zero reported debt gives the company durable financial resilience and low solvency risk. Over 2–6 months this supports stable operations, optionality for opportunistic M&A or buybacks, and higher tolerance for cyclical shocks without pressuring cash flow or capital allocation choices.
Negative Factors
Modest Revenue Growth
Growth in the low-to-mid single digits for a software application company constrains long-term scalability and limits earnings leverage. Over several months this caps upside in operating leverage, makes market share expansion harder, and reduces potential for step-change profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
No Debt / Strong Balance Sheet
Zero reported debt gives the company durable financial resilience and low solvency risk. Over 2–6 months this supports stable operations, optionality for opportunistic M&A or buybacks, and higher tolerance for cyclical shocks without pressuring cash flow or capital allocation choices.
Read all positive factors
Alpha Systems Inc. (4719) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.33B
Dividend Yield2.73%
Average Volume (3M)10.34K
Price to Earnings (P/E)12.4
Beta (1Y)0.79
Revenue Growth5.82%
EPS Growth16.78%
CountryJP
Employees2,895
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)240.57
Shares Outstanding14,052,400
10 Day Avg. Volume18,840
30 Day Avg. Volume10,343
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.04
Price to Sales (P/S)1.16
P/FCF Ratio22.16
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)256.4
Revenue Forecast (FY)¥42.50B
Alpha Systems Inc. Business Overview & Revenue Model
Company Description
Established in 1972 and headquartered in Kawasaki, Japan, Alpha Systems Inc. is a leading software developer catering to a wide array of technological needs. The company's core expertise lies in designing and implementing software for critical bac...
How the Company Makes Money
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Alpha Systems Inc. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.18B | 40.72B | 38.48B | 36.38B | 35.55B | 33.87B |
| Gross Profit | 9.19B | 9.40B | 8.88B | 8.49B | 8.47B | 8.18B |
| EBITDA | 5.00B | 5.23B | 4.78B | 4.58B | 4.44B | 4.32B |
| Net Income | 3.38B | 3.75B | 3.21B | 3.05B | 2.92B | 2.79B |
Balance Sheet | ||||||
| Total Assets | 49.98B | 53.24B | 52.06B | 50.84B | 48.19B | 46.85B |
| Cash, Cash Equivalents and Short-Term Investments | 23.71B | 22.87B | 24.30B | 27.13B | 24.04B | 24.20B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.72B | 7.90B | 8.59B | 8.98B | 8.41B | 8.73B |
| Stockholders Equity | 43.26B | 45.33B | 43.47B | 41.86B | 39.78B | 38.12B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.13B | 1.40B | 4.59B | 2.91B | 2.77B |
| Operating Cash Flow | 0.00 | 3.03B | 1.57B | 4.71B | 2.95B | 2.93B |
| Investing Cash Flow | 0.00 | -3.05B | -3.09B | -1.14B | -1.34B | -57.84M |
| Financing Cash Flow | 0.00 | -1.89B | -1.61B | -983.76M | -1.26B | -703.42M |
Alpha Systems Inc. Technical Analysis
Neutral
4125.00
Price Trends
3275.60
Positive
3399.54
Negative
3609.66
Negative
Market Momentum
13.28
Negative
51.85
Neutral
64.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4719, the sentiment is Neutral. The current price of 4125 is above the 20-day moving average (MA) of 3237.75, above the 50-day MA of 3275.60, and above the 200-day MA of 3609.66, indicating a neutral trend. The MACD of 13.28 indicates Negative momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 64.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4719.
Alpha Systems Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥103.64B | 13.98 | ― | 1.02% | 23.44% | 74.38% | |
77 Outperform | ¥59.26B | 12.08 | 31.71% | 1.68% | 17.64% | 47.00% | |
74 Outperform | ¥46.33B | 12.35 | 8.02% | 2.73% | 5.82% | 16.78% | |
74 Outperform | ¥80.92B | 12.50 | ― | 2.59% | 7.79% | 9.06% | |
74 Outperform | ¥68.48B | 11.87 | ― | 2.41% | 20.97% | 44.36% | |
67 Neutral | ¥102.37B | 39.63 | ― | 0.72% | 18.27% | 189.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4719
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Alpha Systems Inc. Corporate Events
Alpha Systems Raises Year-End Dividend, Sets Record Annual Payout
May 11, 2026
Alpha Systems Inc. has approved a year-end dividend of 75 yen per share for the fiscal year ended March 31, 2026, raising the payout by 10 yen from its previous forecast and matching last year’s absolute year-end level. This decision lifts t...
Alpha Systems Reshapes Top Leadership to Drive Next Growth Phase
May 11, 2026
Alpha Systems Inc. announced a leadership reshuffle, with long-serving chairperson Yuko Ishikawa moving into the role of executive adviser and vice chairperson Hidetomo Ishikawa being promoted to chairperson, effective June 26, 2026, pending share...
Alpha Systems lifts profits and dividend on stronger FY2026 results
May 11, 2026
Alpha Systems Inc. reported non-consolidated results for the year to March 31, 2026, with net sales rising 5.8% to ¥40.7 billion and operating profit up 11.8% to ¥4.95 billion. Profit climbed 16.8% to ¥3.75 billion, lifting basic ea...
Alpha Systems Realigns Senior Management Roles Across Key Divisions
Mar 19, 2026
Alpha Systems Inc. has announced a series of changes to its managing director roles, effective April 1, 2026, following a resolution by its board of directors on March 19. The reshuffle adjusts responsibilities across the administration and busine...
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.