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Business Engineering Corporation (4828) AI Stock Analysis

2 Followers
JP:4828

Business Engineering Corporation

(TSE/TYO:4828)

Select Model
Rating:84Outperform
Price Target:JPY 1,440.00â–²(16.98% 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
Consistent Revenue GrowthSustained revenue expansion, including acceleration in the latest reported year, indicates continued demand and execution across the business. This growth can support operating leverage, fund reinvestment, and strengthen the company’s ability to compound earnings over the next several quarters.
Negative Factors
Uneven Operating Cash ConversionOperating cash flow has not converted earnings at a consistently high rate, which suggests that reported profits can be affected by working-capital movements or timing. Persistent variability would make cash planning less predictable and could reduce the flexibility of internally funded growth.

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

-40%-30%-20%-10%0%10%20%30%JP:4828-12.44%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 73.84B
Dividend Yield
3.82%
Average Volume (3M)
125.33K
Price to Earnings (P/E)
14.9
Beta (1Y)
0.71
Revenue Growth
11.71%
EPS Growth
19.03%
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 Technical Analysis

Technical Analysis SentimentNegative
Last Price1231.00

Price Trends

50DMA1339.92Negative
100DMA1254.88Negative
200DMA1242.00Negative

Market Momentum

MACD-27.06Positive
RSI38.49Neutral
STOCH47.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4828, the sentiment is Negative. The current price of 1231.00 is below the 20-day moving average (MA) of 1314.00, below the 50-day MA of 1339.92, and below the 200-day MA of 1242.00, indicating a bearish trend. The MACD of -27.06 indicates Positive momentum. The RSI at 38.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4828.

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:4828JP:482884OutperformJPY 73.84B14.8830.14%3.82%11.71%19.03%
JP:4071JP:407183OutperformJPY 106.07B19.95―2.00%12.84%59.32%
JP:4432JP:443282OutperformJPY 122.69B16.72―2.99%14.67%39.11%
JP:4776JP:477682OutperformJPY 142.22B18.30―1.29%16.44%22.44%
JP:9629JP:962981OutperformJPY 30.16B15.49―5.95%8.61%30.21%
JP:4478JP:447871OutperformJPY 231.97B157.79――25.51%7.06%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%

* 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 '26Nov '26
JP:4828 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4828Business Engineering Corporation1231.00-186.49-13.16%
JP:4071Plus Alpha Consulting Co. LTD.2501.00291.3413.19%
JP:4432WingArc1st Inc.3545.00102.762.99%
JP:4478freee K.K.3880.00405.0011.65%
JP:4776Cybozu, Inc.3100.00-56.00-1.77%
JP:9629PCA Corporation1596.00-91.60-5.43%

Business Engineering Corporation Corporate Events

Business Engineering FY2026 Second-Quarter Financial Results Briefing Materials

Nov 11, 2026

The supplied material does not identify Business Engineering Corporation’s industry, products or services, or market focus. The November 11, 2026 agenda covers FY2026 second-quarter and first-half interim financial results, the company’s AI strategy,...

Business Engineering Reports Six-Month Results With Sales Up 9.9%

Nov 11, 2026

Business Engineering Corporation, listed on the Tokyo Stock Exchange’s Prime Market, reported net sales of ¥13,492 million for the six months ended September 30, 2026, up 9.9% from the previous corresponding period. Operating profit increased 12.2% t...

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