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Quest Co., Ltd.
(2332)
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Rating:71Outperform
Price Target:
¥1,855.00
▲(15.29% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by strong financial health (very low leverage, solid ROE, and sustained revenue growth) and supportive valuation (low P/E and ~3.45% dividend yield). These positives are tempered by weaker technical momentum and some fundamental watch items, including margin compression and inconsistent operating cash conversion.
Positive Factors
Sustained Revenue Growth
Strong multi-year revenue expansion indicates durable demand for Quest’s systems integration and IT support services. Continued growth at scale supports its enterprise customer base and provides a foundation for sustained profitability over the next several months.
Negative Factors
Margin Compression
Falling gross and net margins suggest rising delivery costs, pricing pressure, or a less favorable service mix. If sustained, margin compression could limit profit growth even while revenue expands and reduce the benefit of Quest’s strong demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Strong multi-year revenue expansion indicates durable demand for Quest’s systems integration and IT support services. Continued growth at scale supports its enterprise customer base and provides a foundation for sustained profitability over the next several months.
Read all positive factors
Quest Co., Ltd. (2332) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.71B
Dividend Yield3.41%
Average Volume (3M)7.69K
Price to Earnings (P/E)11.2
Beta (1Y)0.70
Revenue Growth15.24%
EPS Growth7.17%
CountryJP
Employees1,092
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)152.37
Shares Outstanding5,487,768
10 Day Avg. Volume7,450
30 Day Avg. Volume7,686
Financial Highlights & Ratios
PEG Ratio1.52
Price to Book (P/B)1.04
Price to Sales (P/S)0.43
P/FCF Ratio17.33
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)N/A
Revenue Forecast (FY)N/A
Quest Co., Ltd. Business Overview & Revenue Model
Company Description
Quest Co., Ltd., based in Tokyo, Japan, delivers a comprehensive array of information technology services and solutions within the Japanese market. Their offerings encompass the full scope of system development and ongoing maintenance, alongside t...
How the Company Makes Money
Quest Co., Ltd. primarily generates revenue by delivering IT services to corporate clients, including (1) systems integration projects (fees for designing, building, and deploying business/IT systems), and (2) ongoing IT support/operations service...
Quest Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.81B | 14.94B | 14.22B | 14.20B | 11.81B |
| Gross Profit | 3.02B | 2.75B | 2.62B | 2.58B | 2.04B |
| EBITDA | 1.30B | 1.22B | 1.17B | 1.15B | 979.48M |
| Net Income | 800.74M | 767.59M | 696.18M | 690.29M | 690.41M |
Balance Sheet | |||||
| Total Assets | 10.36B | 10.22B | 9.46B | 9.04B | 7.94B |
| Cash, Cash Equivalents and Short-Term Investments | 3.06B | 3.53B | 3.20B | 2.66B | 2.17B |
| Total Debt | 9.92M | 11.68M | 15.04M | 3.80M | 7.43M |
| Total Liabilities | 2.90B | 2.97B | 2.67B | 2.78B | 2.28B |
| Stockholders Equity | 7.46B | 7.25B | 6.79B | 6.27B | 5.67B |
Cash Flow | |||||
| Free Cash Flow | 446.11M | 588.54M | 500.71M | 648.07M | 450.55M |
| Operating Cash Flow | 510.29M | 590.98M | 709.34M | 659.93M | 458.29M |
| Investing Cash Flow | -68.13M | 91.31M | -2.15M | -150.81M | -1.14B |
| Financing Cash Flow | -915.93M | -265.58M | -251.96M | -326.42M | -210.62M |
Quest Co., Ltd. Technical Analysis
Positive
1609.00
Price Trends
1714.76
Negative
1751.06
Negative
1670.96
Positive
Market Momentum
-10.08
Positive
49.99
Neutral
50.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2332, the sentiment is Positive. The current price of 1609 is below the 20-day moving average (MA) of 1698.00, below the 50-day MA of 1714.76, and below the 200-day MA of 1670.96, indicating a neutral trend. The MACD of -10.08 indicates Positive momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 50.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2332.
Quest Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥7.05B | 8.57 | ― | 3.37% | 6.01% | 7.32% | |
71 Outperform | ¥8.71B | 11.23 | ― | 3.16% | 15.24% | 7.17% | |
69 Neutral | ¥8.56B | 19.18 | ― | 0.95% | 9.86% | -35.09% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ¥22.89B | 21.92 | ― | 2.36% | 0.26% | 22.01% | |
53 Neutral | ¥12.80B | -4.75 | ― | 5.03% | -10.76% | -199.88% | |
43 Neutral | ¥5.82B | -43.14 | ― | ― | -1.67% | 98.41% |
* Technology Sector Average
JP:2332
Quest Co., Ltd.
1,699.00
245.96
16.93%
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Quest Co., Ltd. Corporate Events
Quest Co. Maintains Earnings Outlook as Q1 Margins Tighten but Sales Rise
Aug 13, 2026
Quest Co., Ltd. reported consolidated net sales of ¥4.71 billion for the quarter ended June 30, 2026, up 7.5% year on year, while operating profit edged down 3.4% to ¥212 million and profit attributable to owners fell 7.4% to ¥141 m...
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.