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Business Engineering Corporation
(4828)
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Rating:82Outperform
Price Target:
¥1,673.00
▲(41.90% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by strong financial performance (steady growth, improving profitability, and a very low-debt balance sheet) supported by solid cash generation. Technicals are positive but tempered by overbought momentum signals, while valuation is fair with a supportive dividend yield.
Positive Factors
Sustained Revenue and Earnings Growth
Consistent revenue expansion alongside major margin improvement indicates stronger operating execution and potentially greater earnings resilience. If sustained, this combination can support durable profitability and continued internal investment.
Negative Factors
Variable Cash Conversion
Cash generation is strong overall, but uneven conversion from earnings indicates working-capital or timing effects. Persistent variability could reduce the reliability of reported profits for funding investment, dividends, or other shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue and Earnings Growth
Consistent revenue expansion alongside major margin improvement indicates stronger operating execution and potentially greater earnings resilience. If sustained, this combination can support durable profitability and continued internal investment.
Read all positive factors
Business Engineering Corporation (4828) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥84.46B
Dividend Yield2.94%
Average Volume (3M)30.63K
Price to Earnings (P/E)17.6
Beta (1Y)0.73
Revenue Growth15.67%
EPS Growth23.19%
CountryJP
Employees748
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)80.23
Shares Outstanding60,000,000
10 Day Avg. Volume42,060
30 Day Avg. Volume30,630
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)4.40
Price to Sales (P/S)2.89
P/FCF Ratio12.02
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)77.9
Revenue Forecast (FY)¥27.00B
Business Engineering Corporation Business Overview & Revenue Model
Company Description
Established in Tokyo in 1980, Business Engineering Corporation, formerly Toyo Business Engineering Corporation, specializes in the worldwide planning, development, sale, and leasing of advanced information and communication systems. The company of...
Business Engineering Corporation Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.18B | 24.44B | 20.78B | 19.49B | 18.51B | 17.76B |
| Gross Profit | 11.71B | 11.16B | 9.09B | 7.85B | 6.99B | 5.88B |
| EBITDA | 7.56B | 7.34B | 5.51B | 4.58B | 3.95B | 3.14B |
| Net Income | 4.79B | 4.89B | 3.33B | 2.63B | 2.33B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 23.19B | 21.53B | 18.48B | 15.72B | 13.41B | 11.50B |
| Cash, Cash Equivalents and Short-Term Investments | 13.08B | 12.14B | 9.35B | 8.38B | 6.97B | 4.95B |
| Total Debt | 33.41M | 100.00M | 100.00M | 100.00M | 100.00M | 100.00M |
| Total Liabilities | 6.32B | 5.45B | 5.10B | 4.77B | 4.13B | 4.02B |
| Stockholders Equity | 16.71B | 16.07B | 13.38B | 10.95B | 9.29B | 7.48B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.88B | 3.42B | 2.57B | 2.57B | 1.56B |
| Operating Cash Flow | 0.00 | 5.91B | 3.52B | 3.55B | 3.28B | 2.29B |
| Investing Cash Flow | 0.00 | -1.12B | -1.48B | -1.13B | -696.63M | -713.17M |
| Financing Cash Flow | 0.00 | -2.00B | -1.07B | -1.00B | -549.06M | -701.76M |
Business Engineering Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥138.55B | 17.50 | ― | 1.02% | 20.38% | 45.30% | |
82 Outperform | ¥84.46B | 17.64 | 32.68% | 3.53% | 15.67% | 23.19% | |
80 Outperform | ¥114.36B | 17.57 | ― | 2.59% | 8.77% | 16.25% | |
79 Outperform | ¥30.73B | 14.84 | ― | 4.58% | 8.18% | 35.49% | |
74 Outperform | ¥95.53B | 23.39 | ― | 1.26% | 12.63% | -0.98% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥231.65B | 209.62 | ― | ― | 27.57% | -21.74% |
* Technology Sector Average
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Business Engineering Corporation Corporate Events
Business Engineering Expands Long-Term Stock Remuneration Trust for Directors
Aug 10, 2026
Business Engineering Corporation has decided to continue and expand its stock remuneration program for internal directors by approving an additional trust contribution to fund share acquisitions. The shares will be held in a trust that delivers st...
Business Engineering Corp Outlines FY2026 1Q Results and AI Growth Strategy
Aug 10, 2026
Business Engineering Corporation released briefing materials for its first-quarter results of fiscal year 2026, covering the period toward the year ending March 31, 2027. The materials outline the 1Q performance, the earnings forecast for the firs...
Business Engineering posts higher sales and profit but lower shareholder earnings in Q1 2026
Aug 10, 2026
Business Engineering Corporation reported consolidated net sales of ¥6.78 billion for the quarter ended June 30, 2026, up 12.3% year on year, with operating profit rising 10.5% to ¥1.91 billion and ordinary profit up 9.7% to ¥1.92 b...
Business Engineering Clarifies Autonomous Position Despite ZUKEN’s 21% Stake
Jun 26, 2026
Business Engineering Corporation has clarified its relationship with ZUKEN Inc., which holds 21% of its voting rights and is classified as an “other associated company.” Despite this significant shareholding and a formal capital and bu...
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.