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Japan System Techniques Co., Ltd.
(4323)
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Rating:76Outperform
Price Target:
¥2,096.00
▼(-16.86% Downside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by strong financial performance—solid growth and margins, an extremely low-debt balance sheet, and healthy ROE—partly offset by weaker and more volatile recent cash-flow realization. Technicals are mixed with improving medium-term momentum but the stock still below the 200-day average. Valuation is reasonable with a supportive dividend yield.
Positive Factors
Steady Revenue Growth
Sustained top-line expansion indicates continuing demand for the company’s system development and IT services. A multi-year growth record supports recurring client relevance and provides a durable base for future operating leverage.
Negative Factors
Weaker Cash Conversion
Recent cash-flow deterioration and low cash-to-profit coverage indicate that earnings are not being converted into cash consistently. Working-capital timing or operating swings could constrain reinvestment and make financial performance less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained top-line expansion indicates continuing demand for the company’s system development and IT services. A multi-year growth record supports recurring client relevance and provides a durable base for future operating leverage.
Read all positive factors
Japan System Techniques Co., Ltd. (4323) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥48.76B
Dividend Yield2.3%
Average Volume (3M)55.12K
Price to Earnings (P/E)20.0
Beta (1Y)0.59
Revenue Growth9.28%
EPS Growth-6.81%
CountryJP
Employees1,683
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)97.64
Shares Outstanding24,836,920
10 Day Avg. Volume61,660
30 Day Avg. Volume55,123
Financial Highlights & Ratios
PEG Ratio2.70
Price to Book (P/B)2.91
Price to Sales (P/S)1.50
P/FCF Ratio16.40
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
Japan System Techniques Co., Ltd. Business Overview & Revenue Model
Company Description
Japan System Techniques Co., Ltd. engages in the software business in Japan and internationally. It operates through four segments: Digital Transformation and System Integration (DX&SI) Business, Package Business, Medical Big Data Business, and Gl...
How the Company Makes Money
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Japan System Techniques Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.86B | 32.46B | 29.32B | 26.18B | 23.52B | 21.40B |
| Gross Profit | 9.47B | 9.56B | 8.27B | 7.27B | 6.38B | 5.69B |
| EBITDA | 4.14B | 4.27B | 3.56B | 3.08B | 2.64B | 2.16B |
| Net Income | 2.41B | 2.62B | 2.44B | 2.09B | 1.77B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 25.87B | 25.30B | 22.91B | 20.02B | 17.41B | 15.54B |
| Cash, Cash Equivalents and Short-Term Investments | 11.73B | 9.11B | 7.21B | 7.97B | 7.21B | 6.46B |
| Total Debt | 52.09M | 54.86M | 232.99M | 202.16M | 40.36M | 62.62M |
| Total Liabilities | 9.72B | 8.47B | 8.08B | 7.31B | 6.60B | 6.35B |
| Stockholders Equity | 16.04B | 16.75B | 14.76B | 12.66B | 10.77B | 9.16B |
Cash Flow | ||||||
| Free Cash Flow | 2.39B | 2.97B | 1.64B | 1.39B | 976.24M | 1.08B |
| Operating Cash Flow | 2.47B | 3.03B | 1.76B | 1.89B | 1.07B | 1.16B |
| Investing Cash Flow | 103.17M | 53.03M | -1.98B | -761.48M | -541.66M | -80.91M |
| Financing Cash Flow | -1.15B | -1.04B | -599.35M | -424.08M | -280.82M | 486.86M |
Japan System Techniques Co., Ltd. Technical Analysis
Positive
2521.00
Price Trends
1816.06
Positive
1815.18
Positive
2028.62
Negative
Market Momentum
35.57
Positive
58.13
Neutral
71.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4323, the sentiment is Positive. The current price of 2521 is above the 20-day moving average (MA) of 1902.15, above the 50-day MA of 1816.06, and above the 200-day MA of 2028.62, indicating a neutral trend. The MACD of 35.57 indicates Positive momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 71.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4323.
Japan System Techniques Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥87.88B | 17.99 | 30.58% | 3.53% | 15.67% | 23.19% | |
82 Outperform | ¥48.44B | 12.90 | 8.44% | 2.73% | 5.27% | 11.84% | |
82 Outperform | ¥32.85B | 12.64 | ― | 2.93% | 10.84% | 11.95% | |
81 Outperform | ¥83.62B | 14.03 | ― | 2.41% | 20.97% | 44.36% | |
79 Outperform | ¥31.67B | 14.99 | ― | 4.58% | 8.18% | 35.49% | |
76 Outperform | ¥48.76B | 20.04 | ― | 1.50% | 9.28% | -6.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:4323
Japan System Techniques Co., Ltd.
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Japan System Techniques Co., Ltd. Corporate Events
Japan System Techniques Sees Profit Slump in Q1 but Keeps Full-Year Outlook and Higher Dividend Plan
Aug 13, 2026
Japan System Techniques reported first-quarter consolidated net sales of ¥7,437 million, up 5.6% year on year, but operating profit fell 21.0% to ¥390 million and profit attributable to owners of parent dropped 64.8% to ¥113 million...
Japan System Techniques Delivers Record Q1 Sales but Profit Hit by One-Off Costs
Aug 13, 2026
Japan System Techniques reported record first-quarter net sales of ¥7,437 million for FY2027.3, up 5.6% year on year, with growth across all segments led by its DX SI and Medical Big Data businesses. Despite the top-line expansion, operating...
Japan System Techniques Reports Initial Progress on Share Buyback Program
Aug 3, 2026
Japan System Techniques Co., Ltd. has disclosed the progress of its ongoing share repurchase program, reporting the buyback of 112,900 common shares for a total of ¥205,875,400 between July 1 and July 31, 2026, through market purchases on the...
Japan System Techniques Clarifies Legal Basis for Share Buyback Resolution
Jun 30, 2026
Japan System Techniques Co., Ltd. has issued a correction to its previously announced notice regarding a planned stock repurchase approved by its Board of Directors. The update clarifies that the repurchase will be conducted in accordance with the...
Japan System Techniques Launches Up to ¥2.5 Billion Share Buyback Under Medium-Term Plan
Jun 26, 2026
Japan System Techniques Co., Ltd. has approved a substantial share buyback as part of its FY2026–FY2028 medium-term management plan, prioritizing improved cost of capital and capital efficiency while maintaining a balance between growth inve...
Japan System Techniques to Add Funds to Board Restricted Stock Trust
Jun 26, 2026
Japan System Techniques Co., Ltd. has approved an additional contribution to its Board Benefit Trust-Restricted Stock program, a stock-based compensation scheme for directors. The move underscores the company’s ongoing use of equity incentiv...
JAST Details Major Affiliated Shareholders and Affirms Independence
Jun 26, 2026
Japan System Techniques Co., Ltd. is a Japanese IT company listed on the Tokyo Stock Exchange Prime Market under code 4323, providing systems development and technology solutions with a diversified shareholder base that includes financial and stra...
Japan System Techniques Reaffirms Leadership and Governance Team After Shareholders Meeting
Jun 26, 2026
Japan System Techniques Co., Ltd. has reaffirmed stability in its top management by reappointing President and CEO Taku Hirabayashi and several key directors, including senior managing and executive officers, as well as external directors, followi...
Japan System Techniques Lifts Profits and Dividends on Solid FY2026 Results
May 28, 2026
Japan System Techniques reported strong results for the fiscal year ended March 31, 2026, with consolidated net sales rising 10.7% to ¥32.46 billion and operating profit up 22.7% to ¥3.91 billion. Profit attributable to owners of parent ...
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.