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Computer Engineering & Consulting Ltd.
(9692)
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Rating:81Outperform
Price Target:
¥2,565.00
▲(5.04% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial quality—especially the exceptionally low leverage and solid 2026 revenue growth—tempered by margin compression versus 2023 and uneven cash conversion. Technicals add support with the stock trading above key moving averages and moderate positive momentum, while valuation is favorable with a modest P/E and a solid dividend yield.
Positive Factors
Conservative balance sheet
Very low debt-to-equity and a growing equity base provide durable financial flexibility and downside protection. This conservatism supports capacity for strategic investments or cyclical stress absorption without forcing asset sales or dilutive financing, preserving long-term optionality.
Negative Factors
Margin compression versus 2023
Sustained margin erosion versus 2023 suggests rising cost pressure or weaker pricing power. Lower margins reduce free cash flow potential and ROE, constraining the firm's ability to reinvest or return capital. If structural, this limits long-term profitability and competitive resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt-to-equity and a growing equity base provide durable financial flexibility and downside protection. This conservatism supports capacity for strategic investments or cyclical stress absorption without forcing asset sales or dilutive financing, preserving long-term optionality.
Read all positive factors
Computer Engineering & Consulting Ltd. (9692) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥72.91B
Dividend Yield3.57%
Average Volume (3M)66.73K
Price to Earnings (P/E)12.6
Beta (1Y)0.76
Revenue Growth20.97%
EPS Growth44.36%
CountryJP
Employees2,401
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)177.11
Shares Outstanding35,168,200
10 Day Avg. Volume45,020
30 Day Avg. Volume66,726
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.62
Price to Sales (P/S)1.05
P/FCF Ratio13.80
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)173
Revenue Forecast (FY)¥69.00B
Computer Engineering & Consulting Ltd. Business Overview & Revenue Model
Company Description
Computer Engineering & Consulting, Ltd. (CEC), established in Tokyo, Japan, in 1968, is a prominent player in the nation's digital industry and system integration landscape. The company specializes in delivering a broad spectrum of information and...
Computer Engineering & Consulting Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 68.34B | 65.88B | 56.21B | 53.12B | 48.21B | 45.22B |
| Gross Profit | 17.47B | 16.86B | 15.35B | 14.10B | 11.31B | 10.84B |
| EBITDA | 8.65B | 8.16B | 6.62B | 7.07B | 7.44B | 5.06B |
| Net Income | 5.53B | 5.20B | 4.04B | 4.54B | 5.18B | 3.04B |
Balance Sheet | ||||||
| Total Assets | 62.03B | 62.21B | 52.64B | 51.39B | 46.33B | 45.15B |
| Cash, Cash Equivalents and Short-Term Investments | 28.81B | 25.20B | 25.47B | 26.71B | 23.30B | 22.43B |
| Total Debt | 350.00M | 389.00M | 350.00M | 363.80M | 377.40M | 391.00M |
| Total Liabilities | 19.39B | 19.60B | 12.23B | 10.60B | 8.95B | 9.41B |
| Stockholders Equity | 42.64B | 42.60B | 40.40B | 40.79B | 37.38B | 35.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.01B | 4.50B | 5.25B | 1.65B | 2.02B |
| Operating Cash Flow | 0.00 | 5.83B | 5.27B | 5.68B | 2.49B | 3.15B |
| Investing Cash Flow | 0.00 | -2.18B | -1.67B | -747.91M | 1.93B | -340.73M |
| Financing Cash Flow | 0.00 | -3.91B | -4.85B | -1.53B | -3.56B | -1.41B |
Computer Engineering & Consulting Ltd. Technical Analysis
Positive
2442.00
Price Trends
2096.98
Positive
2021.76
Positive
2090.65
Positive
Market Momentum
45.99
Positive
57.58
Neutral
26.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9692, the sentiment is Positive. The current price of 2442 is above the 20-day moving average (MA) of 2195.86, above the 50-day MA of 2096.98, and above the 200-day MA of 2090.65, indicating a bullish trend. The MACD of 45.99 indicates Positive momentum. The RSI at 57.58 is Neutral, neither overbought nor oversold. The STOCH value of 26.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9692.
Computer Engineering & Consulting Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥123.64B | 16.68 | ― | 1.02% | 23.44% | 74.38% | |
81 Outperform | ¥72.91B | 12.64 | ― | 2.41% | 20.97% | 44.36% | |
80 Outperform | ¥110.17B | 16.78 | ― | 2.59% | 8.77% | 16.25% | |
78 Outperform | ¥46.63B | 17.73 | ― | 1.50% | 10.69% | 6.99% | |
77 Outperform | ¥73.36B | 14.96 | 32.68% | 3.53% | 17.64% | 47.00% | |
69 Neutral | ¥50.56B | 9.87 | ― | 2.81% | 7.09% | 32.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9692
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Computer Engineering & Consulting Ltd. Corporate Events
Computer Engineering & Consulting Accelerates Share Buyback on TSE Prime
Aug 4, 2026
Computer Engineering Consulting Ltd., listed on the TSE Prime and operating in the technology and engineering services field, provides computer-related consulting and systems solutions to corporate and industrial clients in Japan. The companyR...
Computer Engineering & Consulting Begins ¥2 Billion Share Buyback Program
Jul 2, 2026
Computer Engineering Consulting Ltd., listed on the TSE Prime market under code 9692, operates in the information technology and consulting sector. The company provides computer engineering and related consulting services to corporate clients, po...
Computer Engineering & Consulting Launches ¥2 Billion Share Buyback and Cancellation Plan
Jun 11, 2026
Computer Engineering Consulting Ltd. has approved a share buyback of up to 1.2 million common shares, representing 3.84% of its outstanding stock excluding treasury shares, for a maximum of ¥2 billion. The repurchases will be conducted on th...
Computer Engineering & Consulting Lifts Q1 Profit, Signals Higher Dividend for FY2027
Jun 11, 2026
Computer Engineering Consulting reported strong first-quarter results for the fiscal year ending January 31, 2027, with net sales rising 17.2% year on year to ¥16.8 billion and net income attributable to owners of the parent climbing 26.2% t...
Computer Engineering & Consulting Lifts First-Half Forecast and Hikes Interim Dividend
May 22, 2026
Computer Engineering Consulting has raised its consolidated earnings forecast for the first half of the fiscal year ending January 2027, reflecting stronger-than-expected demand for ICT investments as companies accelerate digital transformation a...
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.