BELLSYSTEM24 Holdings, Inc. (6183) AI Stock Analysis

• Market Cap: ¥98.68B
• Dividend Yield: 4.52%
• Average Volume (3M): 227.15K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.54
• Revenue Growth: -1.89%
• EPS Growth: 29.78%
• Country: JP
• Employees: 40,000
• Sector: Industrials
• Sector Strength: 73
• Industry: Specialty Business Services
• EPS (TTM): 25.12
• Shares Outstanding: 74,522,700
• 10 Day Avg. Volume: 268,810
• 30 Day Avg. Volume: 227,153
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥1,481.00
• Price Target Upside: 11.61% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ¥1,481.00 ▲(11.61% Upside)

The overall stock score of 72 reflects a balance of strong technical indicators and attractive valuation, offset by financial performance concerns due to declining revenue and free cash flow growth. The stock's positive momentum and fair valuation make it appealing, but addressing revenue growth is crucial for future performance.

BELLSYSTEM24 Holdings, Inc. Business Overview & Revenue Model

Company Description

BELLSYSTEM24 Holdings, Inc. (6183) is a leading provider of customer service and business process outsourcing solutions in Japan. The company operates primarily in the information technology and customer support sectors, offering a wide range of services including call center operations, customer relationship management, and digital marketing solutions. With a focus on enhancing customer experiences and optimizing operational efficiencies, BELLSYSTEM24 caters to various industries, including telecommunications, finance, retail, and healthcare.

How the Company Makes Money

BELLSYSTEM24 generates revenue primarily through its comprehensive outsourcing services, which include inbound and outbound call centers, customer support, and back-office processing. The company's revenue model is based on contracts with clients that typically involve a mix of fixed fees and variable pricing depending on the volume of services rendered. Key revenue streams include service agreements with corporations looking to outsource their customer service operations, as well as consulting services aimed at improving client operations. Strategic partnerships with technology providers enhance their service offerings and enable the integration of advanced solutions, further contributing to their earnings. Additionally, the company benefits from scaling its operations to meet increasing demand across various sectors, which supports sustained revenue growth.

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. Overall, the company is financially stable but needs to address revenue growth to enhance future performance.

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: 1327.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1327 is above the 20-day moving average (MA) of 1321.38, above the 50-day MA of 1291.46, and above the 200-day MA of 1226.72, indicating a neutral trend. The MACD of 8.60 indicates Positive momentum. The RSI at 54.04 is Neutral, neither overbought nor oversold. The STOCH value of 29.86 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
6183	72 Outperform	¥98.68B	11.96		4.52%	-1.89%	29.78%
Sector *	64 Neutral	$10.73B	15.65	7.61%	2.01%	2.80%	-14.92%
PGINF	―	$604.52M	15.55	11.44%	―	―	―
7373	79 Outperform	¥40.75B	21.72		1.13%	22.71%	84.60%
9216	77 Outperform	¥21.61B	47.64		5.07%	-4.78%	-75.47%
9319	68 Neutral	¥27.38B	15.94		2.52%	4.91%	1.63%
6088	67 Neutral	¥80.91B	18.49		2.25%	13.81%	20.00%

BELLSYSTEM24 Holdings, Inc. Corporate Events

BELLSYSTEM24 Holdings Reports Q1 2025 Financial Results with Improved Income

BELLSYSTEM24 Holdings, Inc. reported its consolidated financial results for the three months ended May 31, 2025, showing a slight decline in revenue by 0.6% compared to the previous year. However, the company experienced growth in operating income and net income, with increases of 11.1% and 6.2% respectively, indicating improved operational efficiency. The company maintained a stable financial position with total assets and equity remaining consistent. The dividend forecast for the fiscal year ending February 28, 2026, remains unchanged, reflecting confidence in ongoing financial stability.

BELLSYSTEM24 Enhances Strategic Ties with ITOCHU Corporation

BELLSYSTEM24 Holdings, Inc. announced changes in its controlling shareholders, with ITOCHU Corporation holding 40.74% of voting rights and appointing an Outside Director. This collaboration enhances BELLSYSTEM24’s strategic positioning by integrating ITOCHU’s expertise and resources, while maintaining its operational independence.