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BIPROGY Inc.
(8056)
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Rating:76Outperform
Price Target:
¥5,352.00
▲(14.95% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by strong financial performance, highlighted by a major 2026 growth acceleration and improving margins with solid cash generation. Valuation is supportive with a mid-teens P/E and a ~2.67% dividend yield. Technicals are moderately positive in the short-to-medium term, but the stock remains below its 200-day average, tempering the overall rating.
Positive Factors
Diversified recurring revenue
BIPROGY’s business spans system integration, ongoing operations/managed services, cloud/platform work and software licensing, giving a mix of project and recurring fees. This diversification supports more stable revenue and higher lifetime value from cross-sell, aiding durable cash flow over months.
Negative Factors
Rising leverage in 2026
Leverage jumped materially in 2026, reducing financial flexibility and increasing interest and refinancing risk. With higher debt levels, the company has less cushion for investment or shocks, making capital allocation choices and covenant/servicing capacity more sensitive over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue
BIPROGY’s business spans system integration, ongoing operations/managed services, cloud/platform work and software licensing, giving a mix of project and recurring fees. This diversification supports more stable revenue and higher lifetime value from cross-sell, aiding durable cash flow over months.
Read all positive factors
BIPROGY Inc. (8056) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥437.27B
Dividend Yield2.67%
Average Volume (3M)277.82K
Price to Earnings (P/E)15.2
Beta (1Y)0.42
Revenue Growth7.35%
EPS Growth17.55%
CountryJP
Employees8,801
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)320.63
Shares Outstanding98,959,625
10 Day Avg. Volume382,550
30 Day Avg. Volume277,820
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)2.51
Price to Sales (P/S)1.04
P/FCF Ratio8.39
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)342.03
Revenue Forecast (FY)¥472.36B
BIPROGY Inc. Business Overview & Revenue Model
Company Description
Biprogy Inc., established in Tokyo, Japan in 1947, operates as a comprehensive information technology (IT) solutions provider primarily within the Japanese market. The company organizes its operations across five key divisions: System Services, Su...
How the Company Makes Money
BIPROGY makes money primarily by selling enterprise IT services and solutions across the full lifecycle of customer systems. Key revenue streams typically include: (1) System integration (SI) and project-based development fees earned from designin...
BIPROGY Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 433.69B | 404.01B | 370.14B | 339.90B | 317.60B |
| Gross Profit | 116.01B | 105.83B | 97.17B | 89.35B | 83.14B |
| EBITDA | 62.34B | 57.04B | 52.19B | 46.39B | 46.44B |
| Net Income | 31.21B | 26.97B | 25.25B | 20.20B | 20.49B |
Balance Sheet | |||||
| Total Assets | 380.67B | 330.88B | 314.22B | 280.40B | 268.65B |
| Cash, Cash Equivalents and Short-Term Investments | 47.04B | 64.80B | 59.26B | 43.65B | 48.70B |
| Total Debt | 75.65B | 42.60B | 35.54B | 38.00B | 41.85B |
| Total Liabilities | 199.61B | 159.57B | 145.90B | 138.80B | 137.97B |
| Stockholders Equity | 178.99B | 169.05B | 166.42B | 139.89B | 128.92B |
Cash Flow | |||||
| Free Cash Flow | 53.63B | 41.83B | 39.52B | 25.69B | 27.81B |
| Operating Cash Flow | 57.57B | 44.92B | 41.69B | 28.42B | 29.43B |
| Investing Cash Flow | -73.98B | -8.93B | -8.55B | -15.54B | -10.96B |
| Financing Cash Flow | -1.51B | -30.61B | -17.62B | -18.04B | -16.12B |
BIPROGY Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥437.27B | 15.18 | ― | 2.17% | 7.35% | 17.55% | |
75 Outperform | ¥184.07B | 16.37 | 19.59% | 3.44% | 2.62% | 3.56% | |
75 Outperform | ¥31.24B | 8.80 | 10.38% | 4.82% | -2.76% | 36.33% | |
74 Outperform | ¥142.40B | 11.37 | 10.79% | 3.74% | 5.64% | -4.56% | |
71 Outperform | ¥716.42B | 23.16 | 11.50% | 2.24% | 13.99% | 15.49% | |
70 Outperform | ¥848.85B | 17.31 | ― | 2.29% | 4.90% | -2.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8056
BIPROGY Inc.
4,305.00
-2,016.76
-31.90%
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BIPROGY Inc. Corporate Events
BIPROGY’s First-Quarter Profit Slips as IT Product Demand Softens
Aug 5, 2026
BIPROGY Inc., a Japanese IT solutions provider, reported a year-on-year decline in first-quarter revenue for the fiscal year ending March 2027, with sales falling 5.6% to ¥91.5 billion. Despite the top-line contraction, gross profit edged up ...
BIPROGY Posts Softer Q1 but Keeps Full-Year Outlook and Dividend Plan Intact
Aug 5, 2026
BIPROGY Inc. reported a weaker start to fiscal 2027, with first-quarter revenue declining 5.6% year on year to ¥91.46 billion and operating profit dropping 20.4%, while adjusted operating profit fell 14.7%. Profit attributable to owners of pa...
BIPROGY Completes Disposal of Treasury Shares for Executive Restricted Stock Plan
Jul 23, 2026
BIPROGY Inc. has completed the payment procedures for disposing of treasury shares used in its restricted share-based remuneration program, following a board resolution passed on June 24, 2026. The disposal covers 39,093 common shares at 4,147 yen...
BIPROGY Details Governance and Ties with Major Shareholder Dai Nippon Printing
Jun 25, 2026
BIPROGY Inc. has disclosed details of its relationship with Dai Nippon Printing Co., Ltd., which holds 21.46% of its voting rights and is classified as an other affiliated company. The two firms have maintained a business alliance since 2012 in cl...
BIPROGY to Grant Treasury Shares as Restricted Stock to Executives
Jun 24, 2026
BIPROGY Inc. has approved the disposal of 39,093 treasury shares as restricted share-based remuneration for executive directors and corporate officers of both the parent company and its subsidiaries. The shares, priced at 4,147 yen each for a tota...
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.