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OBIC Co
(4684)
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Rating:79Outperform
Price Target:
¥4,377.00
▲(3.87% Upside)
Action:Reiterated
Date:04/23/26
The score is primarily driven by outstanding financial strength (premium profitability, strong cash generation, and zero debt). Technicals are moderately supportive (positive MACD and price above key short-to-mid moving averages) but capped by being below the 200-day average and a high stochastic reading. Valuation is fair for quality (P/E ~22.45) with a moderate dividend yield (~1.83%).
Positive Factors
Debt-free, conservative balance sheet
Zero debt and a conservative balance sheet materially reduce refinancing and solvency risk, giving management durable financial flexibility to fund organic growth, sustain operations through cycles, and pursue opportunistic investments or buybacks without pressure from creditors. This supports stability over 2–6 months and beyond.
Negative Factors
Volatile revenue and earnings growth
Irregular top-line and earnings growth increases forecasting uncertainty and can amplify the impact of project timing in an ERP/implementation business. Over 2–6 months, variability may compress expectations for investments or hiring and requires consistent new sales to sustain current profitability levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free, conservative balance sheet
Zero debt and a conservative balance sheet materially reduce refinancing and solvency risk, giving management durable financial flexibility to fund organic growth, sustain operations through cycles, and pursue opportunistic investments or buybacks without pressure from creditors. This supports stability over 2–6 months and beyond.
Read all positive factors
OBIC Co (4684) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.63T
Dividend Yield1.51%
Average Volume (3M)1.07M
Price to Earnings (P/E)22.3
Beta (1Y)0.16
Revenue Growth11.52%
EPS Growth16.82%
CountryJP
Employees2,107
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)171.62
Shares Outstanding492,000,000
10 Day Avg. Volume1,129,010
30 Day Avg. Volume1,068,423
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)3.27
Price to Sales (P/S)12.48
P/FCF Ratio23.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,240.00Price Target Upside0.62% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)191.88
Revenue Forecast (FY)¥149.62B
OBIC Co Business Overview & Revenue Model
Company Description
OBIC Co.,Ltd., in collaboration with its affiliated companies, delivers a comprehensive suite of technological solutions. These include custom system integration, continuous system support, office automation solutions, and off-the-shelf software p...
How the Company Makes Money
OBIC makes money primarily by selling licenses and related services for its packaged enterprise software to corporate clients. Key revenue streams typically include: (1) Software license sales for its core business application packages; (2) System...
OBIC Co Financial Statement Overview
Summary
Income Statement
93
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
92
Very Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 135.21B | 121.24B | 111.59B | 100.17B | 89.48B |
| Gross Profit | 105.67B | 94.39B | 86.43B | 77.22B | 67.96B |
| EBITDA | 107.44B | 92.77B | 83.61B | 72.73B | 62.22B |
| Net Income | 75.19B | 64.62B | 58.01B | 50.12B | 43.50B |
Balance Sheet | |||||
| Total Assets | 618.80B | 500.38B | 462.17B | 366.71B | 323.93B |
| Cash, Cash Equivalents and Short-Term Investments | 207.38B | 200.06B | 170.24B | 156.32B | 122.70B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 102.78B | 66.52B | 63.47B | 38.84B | 30.36B |
| Stockholders Equity | 516.01B | 433.85B | 398.69B | 327.86B | 293.57B |
Cash Flow | |||||
| Free Cash Flow | 71.53B | 60.73B | 52.10B | 51.84B | 37.15B |
| Operating Cash Flow | 73.75B | 62.79B | 55.83B | 52.96B | 38.97B |
| Investing Cash Flow | -2.02B | -3.93B | -2.21B | 1.28B | -44.05B |
| Financing Cash Flow | -64.40B | -29.04B | -39.70B | -20.62B | -22.96B |
OBIC Co Technical Analysis
Negative
4214.00
Price Trends
4044.82
Negative
3988.79
Negative
4460.40
Negative
Market Momentum
-101.48
Positive
35.21
Neutral
18.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4684, the sentiment is Negative. The current price of 4214 is above the 20-day moving average (MA) of 3875.85, above the 50-day MA of 4044.82, and below the 200-day MA of 4460.40, indicating a bearish trend. The MACD of -101.48 indicates Positive momentum. The RSI at 35.21 is Neutral, neither overbought nor oversold. The STOCH value of 18.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4684.
OBIC Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥1.63T | 22.28 | 15.18% | 1.51% | 11.52% | 16.82% | |
77 Outperform | ¥59.26B | 12.08 | 31.71% | 1.68% | 17.64% | 47.00% | |
73 Outperform | ¥1.06T | 16.73 | 38.51% | 1.37% | 8.18% | 4.64% | |
70 Outperform | ¥24.19B | 10.90 | ― | 4.58% | 6.58% | 35.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ¥119.32B | 171.63 | ― | ― | 30.48% | ― | |
53 Neutral | ¥242.51B | 53.35 | -19.16% | ― | 25.36% | ― |
* Technology Sector Average
JP:4684
OBIC Co
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OBIC Co Corporate Events
OBIC Reports No Share Repurchases in June Under Ongoing Buyback Program
Jun 30, 2026
OBIC Co., Ltd. reported the latest status of its share repurchase program, noting that no shares were bought back between June 1 and June 30, 2026, despite authorization to conduct market purchases on the Tokyo Stock Exchange. The company had prev...
OBIC Grants Restricted Treasury Shares to Directors Under Incentive Plan
Jun 25, 2026
OBIC Co. has approved the disposal of 22,700 treasury shares as restricted share-based remuneration to four internal directors, priced at ¥3,739 per share for a total of about ¥84.9 million. The directors will contribute their monetary r...
OBIC Reports Progress on Share Buyback Program
May 31, 2026
OBIC Co., Ltd. reported progress on its ongoing share repurchase program authorized by its board in April 2026. Between May 1 and May 31, the company bought back 1,713,300 common shares on the Tokyo Stock Exchange for a total of ¥7.08 billion...
OBIC Cancels 6 Million Treasury Shares, Trimming Total Issued Stock
May 29, 2026
OBIC Co., Ltd., a leading Japanese enterprise software and IT services provider listed on the TSE Prime Market, focuses on supplying corporate clients with systems that enhance business efficiency and planning. Its market presence centers on deliv...
OBIC Reports Initial Progress on ¥50 Billion Share Buyback Program
Apr 30, 2026
OBIC Co., Ltd. has disclosed the latest progress of its ongoing share repurchase program authorized by its board on April 21, 2026. The company is buying back its common shares on the Tokyo Stock Exchange as part of a broader capital policy design...
OBIC Launches ¥50 Billion Share Buyback and Plans Cancellation of 16 Million Shares
Apr 21, 2026
OBIC Co., Ltd. has approved a significant share buyback program, authorizing the repurchase of up to 10 million common shares, or about 2.3% of its outstanding stock, for a maximum of ¥50 billion through market purchases on the Tokyo Stock Ex...
OBIC Posts Double-Digit Profit Growth and Lifts Dividend, Forecasts Further Gains for FY2027
Apr 21, 2026
OBIC reported strong consolidated results for the fiscal year ended March 31, 2026, with net sales rising 11.5% to ¥135.2 billion and profit attributable to owners of parent up 16.4% to ¥75.2 billion. Operating profit climbed 13.3%, ordi...
OBIC Reshapes Executive Lineup and Capital Area Structure to Bolster Governance and Operations
Apr 1, 2026
OBIC Co., Ltd. announced a series of leadership changes, including the planned appointment of Executive Officer Kyoko Udagawa as a director, subject to approval at the ordinary general meeting of shareholders and subsequent board meeting scheduled...
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.