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Business Engineering Corporation (4828) AI Stock Analysis

JP:4828

Business Engineering Corporation

(TSE/TYO:4828)

Select Model
Rating:84Outperform
Price Target:JPY 1,687.00▲(33.15% Upside)
Action:reiterated
Date:08/21/26

The company's fundamentals are outstanding, with accelerating growth, high profitability, and a fortress-like balance sheet. This is the primary driver of the high score. The stock's strong technical trend is a positive, though overbought signals temper the near-term outlook. Valuation is fair, with a solid dividend yield adding to the total return profile.

Positive Factors
Sustained Revenue and Earnings GrowthConsistent 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 ConversionCash 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.

Business Engineering Corporation (4828) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%40%50%JP:4828+6.27%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 77.08B
Dividend Yield
3.66%
Average Volume (3M)
125.77K
Price to Earnings (P/E)
16.0
Beta (1Y)
0.74
Revenue Growth
15.67%
EPS Growth
23.19%
Country
Japan
Employees
748
Sector
Technology
Sector Strength
61
Industry
Information Technology Services

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 offer...

Business Engineering Corporation Financial Statement Overview

Summary

Exceptional financial health: Revenue growth accelerated to 17.6% with expanding margins (Net: 20%). The balance sheet is pristine with minimal debt and a 30.4% ROE. Cash flow conversion is excellent, with FCF more than doubling over two years.

Income Statement

95Very Positive

Balance Sheet

97Very Positive

Cash Flow

96Very Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue25.18B24.44B20.78B19.49B18.51B17.76B
Gross Profit11.71B11.16B9.09B7.85B6.99B5.88B
EBITDA7.56B7.34B5.51B4.58B3.95B3.14B
Net Income4.79B4.89B3.33B2.63B2.33B1.64B
Balance Sheet
Total Assets23.19B21.53B18.48B15.72B13.41B11.50B
Cash, Cash Equivalents and Short-Term Investments13.08B12.14B9.35B8.38B6.97B4.95B
Total Debt33.41M100.00M100.00M100.00M100.00M100.00M
Total Liabilities6.32B5.45B5.10B4.77B4.13B4.02B
Stockholders Equity16.71B16.07B13.38B10.95B9.29B7.48B
Cash Flow
Free Cash Flow05.88B3.42B2.57B2.57B1.56B
Operating Cash Flow05.91B3.52B3.55B3.28B2.29B
Investing Cash Flow0-1.12B-1.48B-1.13B-696.63M-713.17M
Financing Cash Flow0-2.00B-1.07B-1.00B-549.06M-701.76M

Business Engineering Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:4828 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4776JP:477690OutperformJPY 134.47B17.61―1.36%20.38%45.30%
JP:4828JP:482884OutperformJPY 77.08B16.0230.58%3.66%15.67%23.19%
JP:9629JP:962983OutperformJPY 29.94B15.38―6.00%8.61%30.21%
JP:4432JP:443282OutperformJPY 124.76B17.00―2.94%14.67%39.11%
JP:4071JP:407179OutperformJPY 95.93B24.11―2.21%12.63%-0.98%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:4478JP:447858NeutralJPY 275.02B252.75――27.57%-21.74%

* Technology Sector Average

Performance Comparison

-40%-20%0%20%JP:4828JP:4071JP:4432JP:4478JP:4776JP:9629Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:4828 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4828Business Engineering Corporation1285.0066.155.43%
JP:4071Plus Alpha Consulting Co. LTD.2262.00-50.13-2.17%
JP:4432WingArc1st Inc.3605.00365.2411.27%
JP:4478freee K.K.4600.001255.0037.52%
JP:4776Cybozu, Inc.2931.00-72.13-2.40%
JP:9629PCA Corporation1584.00-101.71-6.03%

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 stock...

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 first h...

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 bill...

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 busin...

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.

Date of analysis: Aug 21, 2026