System Research Co.,Ltd. (TYO:3771)

System Research Statistics

Total Valuation

System Research has a market cap or net worth of JPY 30.13 billion. The enterprise value is 23.60 billion.

Market Cap	30.13B
Enterprise Value	23.60B

Important Dates

The last earnings date was Friday, January 30, 2026.

Earnings Date	Jan 30, 2026
Ex-Dividend Date	Mar 30, 2026

Share Statistics

System Research has 16.58 million shares outstanding. The number of shares has decreased by -0.31% in one year.

Current Share Class	16.58M
Shares Outstanding	16.58M
Shares Change (YoY)	-0.31%
Shares Change (QoQ)	+0.04%
Owned by Insiders (%)	22.14%
Owned by Institutions (%)	16.34%
Float	11.48M

Valuation Ratios

The trailing PE ratio is 12.41.

PE Ratio	12.41
Forward PE	n/a
PS Ratio	1.07
PB Ratio	2.38
P/TBV Ratio	2.44
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	9.73
EV / Sales	0.84
EV / EBITDA	6.61
EV / EBIT	7.06
EV / FCF	n/a

Financial Position

The company has a current ratio of 2.92, with a Debt / Equity ratio of 0.09.

Current Ratio	2.92
Quick Ratio	2.88
Debt / Equity	0.09
Debt / EBITDA	0.32
Debt / FCF	n/a
Interest Coverage	288.73

Financial Efficiency

Return on equity (ROE) is 20.38% and return on invested capital (ROIC) is 39.22%.

Return on Equity (ROE)	20.38%
Return on Assets (ROA)	12.26%
Return on Invested Capital (ROIC)	39.22%
Return on Capital Employed (ROCE)	25.62%
Weighted Average Cost of Capital (WACC)	5.37%
Revenue Per Employee	18.96M
Profits Per Employee	1.63M
Employee Count	1,484
Asset Turnover	1.65
Inventory Turnover	584.14

Taxes

In the past 12 months, System Research has paid 950.89 million in taxes.

Income Tax	950.89M
Effective Tax Rate	28.13%

Stock Price Statistics

The stock price has increased by +11.95% in the last 52 weeks. The beta is 0.24, so System Research's price volatility has been lower than the market average.

Beta (5Y)	0.24
52-Week Price Change	+11.95%
50-Day Moving Average	1,979.68
200-Day Moving Average	1,977.65
Relative Strength Index (RSI)	32.72
Average Volume (20 Days)	77,225

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, System Research had revenue of JPY 28.14 billion and earned 2.43 billion in profits. Earnings per share was 146.38.

Revenue	28.14B
Gross Profit	6.58B
Operating Income	3.34B
Pretax Income	3.38B
Net Income	2.43B
EBITDA	3.57B
EBIT	3.34B
Earnings Per Share (EPS)	146.38

Balance Sheet

The company has 7.71 billion in cash and 1.16 billion in debt, with a net cash position of 6.55 billion or 395.22 per share.

Cash & Cash Equivalents	7.71B
Total Debt	1.16B
Net Cash	6.55B
Net Cash Per Share	395.22
Equity (Book Value)	12.66B
Book Value Per Share	761.98
Working Capital	8.75B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 23.38%, with operating and profit margins of 11.88% and 8.62%.

Gross Margin	23.38%
Operating Margin	11.88%
Pretax Margin	12.01%
Profit Margin	8.62%
EBITDA Margin	12.69%
EBIT Margin	11.88%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 70.00, which amounts to a dividend yield of 3.85%.

Dividend Per Share	70.00
Dividend Yield	3.85%
Dividend Growth (YoY)	16.67%
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	0.31%
Shareholder Yield	3.96%
Earnings Yield	8.05%
FCF Yield	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on March 28, 2024. It was a forward split with a ratio of 2.

Last Split Date	Mar 28, 2024
Split Type	Forward
Split Ratio	2

Scores

System Research has an Altman Z-Score of 7.5 and a Piotroski F-Score of 6.

Altman Z-Score	7.5
Piotroski F-Score	6