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OBIC Co
(4684)
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Rating:80Outperform
Price Target:
¥6,093.00
▲(27.58% Upside)
Action:Reiterated
Date:07/26/26
The score is driven primarily by outstanding financial quality—exceptional margins, strong free-cash-flow conversion, and a debt-free balance sheet. Technicals are moderately positive (above key short/intermediate averages but still below the 200-day), while valuation is fair-to-slightly elevated (P/E ~23.25) and supported by a ~2.0% dividend yield.
Positive Factors
Exceptional profitability
OBIC’s unusually high gross, operating, and net margins indicate a scalable enterprise-software model with substantial earnings retained from each sale. This profitability provides resilience, supports continued investment in products and customer support, and can strengthen competitive positioning over the next several quarters.
Negative Factors
Revenue growth moderation
Revenue continues to grow, but the slower latest annual rate suggests expansion may be moderating rather than accelerating. If this persists, it could limit operating leverage, reduce the pace of earnings growth, and make OBIC’s very strong margins less powerful as a driver of future profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional profitability
OBIC’s unusually high gross, operating, and net margins indicate a scalable enterprise-software model with substantial earnings retained from each sale. This profitability provides resilience, supports continued investment in products and customer support, and can strengthen competitive positioning over the next several quarters.
Read all positive factors
OBIC Co (4684) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.26T
Dividend Yield1.77%
Average Volume (3M)1.63M
Price to Earnings (P/E)29.5
Beta (1Y)0.24
Revenue Growth11.68%
EPS Growth17.73%
CountryJP
Employees2,256
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)180.27
Shares Outstanding492,000,000
10 Day Avg. Volume1,478,970
30 Day Avg. Volume1,631,840
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
¥4,750.00Price Target Upside-0.54% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)197.28
Revenue Forecast (FY)¥151.43B
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 primarily makes money by providing enterprise software and related services to corporate clients. Key revenue streams typically include: (1) Software license and package sales: revenue from selling its integrated business management software ...
OBIC Co Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 139.48B | 135.21B | 121.24B | 111.59B | 100.17B | 89.48B |
| Gross Profit | 109.28B | 105.67B | 94.39B | 86.43B | 77.22B | 67.96B |
| EBITDA | 105.14B | 107.44B | 92.77B | 83.61B | 72.73B | 62.22B |
| Net Income | 78.38B | 75.19B | 64.62B | 58.01B | 50.12B | 43.50B |
Balance Sheet | ||||||
| Total Assets | 583.97B | 618.80B | 500.38B | 462.17B | 366.71B | 323.93B |
| Cash, Cash Equivalents and Short-Term Investments | 194.29B | 207.38B | 200.06B | 170.24B | 156.32B | 122.70B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 91.20B | 102.78B | 66.52B | 63.47B | 38.84B | 30.36B |
| Stockholders Equity | 492.77B | 516.01B | 433.85B | 398.69B | 327.86B | 293.57B |
Cash Flow | ||||||
| Free Cash Flow | 72.57B | 71.53B | 60.73B | 52.10B | 51.84B | 37.15B |
| Operating Cash Flow | 74.52B | 73.75B | 62.79B | 55.83B | 52.96B | 38.97B |
| Investing Cash Flow | -1.21B | -2.02B | -3.93B | -2.21B | 1.28B | -44.05B |
| Financing Cash Flow | -78.06B | -64.40B | -29.04B | -39.70B | -20.62B | -22.96B |
OBIC Co Technical Analysis
Positive
4776.00
Price Trends
4814.28
Positive
4400.81
Positive
4299.93
Positive
Market Momentum
104.34
Negative
71.25
Negative
91.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4684, the sentiment is Positive. The current price of 4776 is below the 20-day moving average (MA) of 5016.67, below the 50-day MA of 4814.28, and above the 200-day MA of 4299.93, indicating a bullish trend. The MACD of 104.34 indicates Negative momentum. The RSI at 71.25 is Negative, neither overbought nor oversold. The STOCH value of 91.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥1.28T | 19.09 | 39.59% | 8.58% | 10.45% | 11.29% | |
82 Outperform | ¥83.02B | 17.25 | 30.58% | 3.40% | 15.67% | 23.19% | |
80 Outperform | ¥2.26T | 29.48 | 15.84% | 1.77% | 11.68% | 17.73% | |
79 Outperform | ¥29.50B | 14.17 | ― | 6.09% | 8.18% | 35.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥220.02B | 202.20 | ― | ― | 27.57% | -21.74% | |
61 Neutral | ¥378.77B | 86.15 | 10.13% | ― | 28.28% | ― |
* Technology Sector Average
JP:4684
OBIC Co
5,298.00
355.62
7.20%
JP:4716
Oracle Japan
10,005.00
-4,589.62
-31.45%
JP:4828
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1,384.00
213.37
18.23%
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1,319.00
23.95%
JP:4478
freee K.K.
3,680.00
0.00
0.00%
JP:9629
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1,561.00
-295.83
-15.93%
OBIC Co Corporate Events
OBIC Steps Up Share Buybacks Under Ongoing Repurchase Program
Sep 30, 2026
OBIC Co., Ltd. reported the latest progress on its ongoing share repurchase program, disclosing that it bought back 813,400 common shares on the Tokyo Stock Exchange between September 1 and September 30, 2026, for a total consideration of ¥4,...
OBIC Advances Share Buyback, Repurchasing 3.96 Million Shares to Date
Aug 31, 2026
OBIC Co., Ltd. reported progress on its ongoing share repurchase program, announcing that it bought back 1,160,300 common shares for approximately 5.4 billion yen between August 1 and August 31, 2026, through market purchases on the Tokyo Stock Ex...
OBIC Reports Ongoing Progress in Share Buyback Program
Aug 2, 2026
OBIC Co., Ltd. reported progress on its ongoing share repurchase program, acquiring 406,000 common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, for a total of 1,812,564,500 yen. These purchases form part of a broader buybac...
OBIC completes restricted share-based remuneration disposal of treasury shares
Jul 24, 2026
OBIC Co., Ltd. has completed the payment procedures for the disposal of 22,700 treasury shares, which are being allocated as restricted share-based remuneration to four internal directors. The disposal, approved by the Board of Directors in late J...
OBIC Delivers Double-Digit Q1 Growth and Confirms Higher Dividend Outlook
Jul 22, 2026
OBIC reported robust results for the three months ended June 30, 2026, with net sales rising 13.2% year on year to ¥36.7 billion and profit attributable to owners of parent climbing 16.3% to ¥22.7 billion, lifting basic earnings per shar...
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.