BELLSYSTEM24 Holdings, Inc. (6183) AI Stock Analysis

• Market Cap: ¥104.48B
• Dividend Yield: 4.27%
• Average Volume (3M): 173.95K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.63
• Revenue Growth: 0.44%
• EPS Growth: 44.52%
• Country: JP
• Employees: 40,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 26.47
• Shares Outstanding: 74,522,700
• 10 Day Avg. Volume: 275,250
• 30 Day Avg. Volume: 173,953
• PEG Ratio: 1.94
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 5.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ¥1,409.00 ▲(0.28% Upside)

BELLSYSTEM24 Holdings, Inc. shows financial stability with effective cash flow management and attractive valuation metrics, including a low P/E ratio and high dividend yield. However, declining revenue and free cash flow growth, coupled with short-term bearish technical indicators, pose risks to future performance.

Positive Factors

Operational Efficiency

Stable profit margins indicate strong operational efficiency, allowing the company to manage costs effectively and sustain profitability over time.

Cash Flow Management

Efficient cash flow management ensures the company can meet its financial obligations and invest in growth opportunities, supporting long-term financial health.

Leverage Management

Improved leverage management reduces financial risk and enhances the company's ability to invest in strategic initiatives, contributing to long-term stability.

Negative Factors

Declining Revenue

Declining revenue can hinder the company's ability to expand and invest in new opportunities, potentially impacting long-term growth and market position.

Free Cash Flow Decline

A decline in free cash flow growth limits the company's financial flexibility and ability to fund operations and strategic investments, posing a risk to future growth.

High Debt Levels

High debt levels can strain the company's financial resources and limit its ability to respond to market changes or invest in growth, affecting long-term sustainability.

BELLSYSTEM24 Holdings, Inc. Business Overview & Revenue Model

Company Description

BELLSYSTEM24 Holdings, Inc. provides outsourcing, technology, and consulting services related to CRM solutions primarily in Japan. It also provides, temporary staffing services, paid job placement services BPO services based on IT/manual preparation/education and training services; and operates contact centers, offers hardware and equipment procurement and setup, facility rental, education and training, and mobile call recording service. In addition, the company engages in the planning, production, sale, and service operation of a range of content using the Internet; and provision of employment opportunities to people with disabilities. BELLSYSTEM24 Holdings, Inc. was founded in 1982 and is headquartered in Tokyo, Japan.

How the Company Makes Money

BELLSYSTEM24 generates revenue primarily through its service contracts with clients who outsource their customer support functions. The company operates under a business model that includes fixed fees for service agreements, performance-based incentives, and project-based pricing for customized solutions. Key revenue streams include inbound and outbound call center services, technical support, and consulting services related to customer experience enhancement. Additionally, BELLSYSTEM24 has established strategic partnerships with technology providers to enhance its service offerings, which can lead to increased client retention and new business opportunities, thus contributing positively to its earnings.

BELLSYSTEM24 Holdings, Inc. Financial Statement Overview

Summary

BELLSYSTEM24 Holdings, Inc. demonstrates operational efficiency with stable profit margins and effective cash flow management. However, the company faces challenges with declining revenue and free cash flow growth. The balance sheet shows improved leverage, but the high debt level remains a risk.

Income Statement

The company shows a declining revenue trend with a negative revenue growth rate of -14.7% in the TTM period. Despite this, the company maintains a stable gross profit margin of approximately 17.7% and a net profit margin of 5.6%. The EBIT and EBITDA margins are also stable, indicating operational efficiency. However, the declining revenue is a concern for future profitability.

Balance Sheet

The debt-to-equity ratio has improved to 0.77 in the TTM period, indicating better leverage management compared to previous years. The return on equity is healthy at 11.8%, showing effective use of equity to generate profits. The equity ratio remains stable, reflecting a balanced capital structure. However, the high level of total debt remains a potential risk.

Cash Flow

The free cash flow growth rate is negative at -3.83% in the TTM period, indicating a decline in cash generation. The operating cash flow to net income ratio is stable, suggesting consistent cash conversion from earnings. The free cash flow to net income ratio is strong at 92.5%, showing efficient cash flow management. However, the decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	143.40B	143.61B	148.72B	156.05B	146.48B	135.74B
Gross Profit	25.56B	25.41B	27.14B	31.96B	30.26B	27.44B
EBITDA	21.34B	21.19B	20.69B	23.46B	21.53B	19.66B
Net Income	8.17B	8.00B	7.54B	9.33B	8.94B	7.25B
Balance Sheet
Total Assets	174.77B	174.41B	175.47B	176.25B	178.31B	172.89B
Cash, Cash Equivalents and Short-Term Investments	8.18B	6.99B	7.21B	7.00B	6.20B	5.52B
Total Debt	70.13B	54.05B	56.23B	54.82B	59.45B	63.14B
Total Liabilities	103.81B	103.58B	107.73B	111.34B	118.82B	119.38B
Stockholders Equity	70.31B	70.16B	66.73B	64.22B	58.99B	53.11B
Cash Flow
Free Cash Flow	15.47B	16.24B	11.39B	16.40B	14.21B	12.75B
Operating Cash Flow	16.39B	17.39B	13.59B	18.17B	16.28B	14.89B
Investing Cash Flow	-2.42B	-3.69B	-3.10B	-1.80B	-2.43B	-3.18B
Financing Cash Flow	-13.06B	-13.90B	-10.29B	-15.58B	-13.18B	-13.96B

BELLSYSTEM24 Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1405.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6183, the sentiment is Positive. The current price of 1405 is above the 20-day moving average (MA) of 1368.40, above the 50-day MA of 1331.62, and above the 200-day MA of 1270.59, indicating a bullish trend. The MACD of 16.57 indicates Negative momentum. The RSI at 62.44 is Neutral, neither overbought nor oversold. The STOCH value of 59.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6183.

BELLSYSTEM24 Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9319	75 Outperform	¥25.99B	13.75	―	2.70%	4.02%	18.12%
4290	74 Outperform	¥88.90B	16.72	11.16%	3.58%	10.87%	-5.96%
7373	73 Outperform	¥43.54B	22.04	―	1.06%	24.97%	37.84%
6088	69 Neutral	¥68.20B	15.61	―	2.59%	8.08%	10.43%
6183	64 Neutral	¥104.48B	11.78	―	4.27%	0.44%	44.52%
9216	64 Neutral	¥21.94B	74.85	―	4.96%	-3.81%	-82.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

BELLSYSTEM24 Holdings, Inc. Corporate Events

BELLSYSTEM24 Announces Stable Interim Dividend for FY 2026

BELLSYSTEM24 Holdings, Inc. announced an interim dividend of 30.00 yen per share for the fiscal year ending February 28, 2026, maintaining the same dividend as the previous year. This decision reflects the company’s commitment to stable profit allocation while considering business expansion and performance, highlighting its focus on shareholder value.

BELLSYSTEM24 Reports Improved Financial Performance for H1 2025

BELLSYSTEM24 HOLDINGS, INC. reported its consolidated financial results for the six months ended August 31, 2025, showing a slight increase in revenue by 1.5% year-on-year to 73,143 million yen. The company also experienced a significant rise in net income by 23.7% to 3,888 million yen, indicating improved operational efficiency and profitability. The financial position remained stable, with total assets slightly decreasing to 173,673 million yen, while total equity increased to 73,092 million yen. The company maintained its dividend policy, planning to distribute 60.00 yen per share annually. These results suggest a positive trajectory for BELLSYSTEM24, reinforcing its market position and offering potential benefits to stakeholders.