Saison Technology Co.Ltd. (9640) AI Stock Analysis

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Saison Technology Co.Ltd.

(TSE/TYO:9640)

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Rating:68Neutral

Price Target:JPY 2,106.00▲(17.33% Upside)

Action:reiterated

Date:10/24/26

The score is primarily supported by strong financial stability (near-zero leverage) and continued positive free cash flow, which reduce downside balance-sheet risk. Offsetting this, operating performance has weakened with a notable revenue decline and margin/return compression, while technicals point to a weak-to-neutral trend and valuation remains demanding due to the high P/E despite an attractive dividend yield.

Positive Factors

Conservative Balance SheetNear-zero leverage and stable equity provide substantial financial resilience, reducing interest burden and downside balance-sheet risk. This conservative funding structure preserves flexibility to withstand weaker operating conditions and support investment or shareholder returns without relying heavily on external financing.

Negative Factors

Revenue ContractionThe latest revenue contraction and previously modest growth indicate weaker demand or contract volatility, reducing confidence in near-term scale expansion. Persistent top-line softness could limit operating leverage, constrain reinvestment capacity, and make future earnings more dependent on cost control.

Saison Technology Co.Ltd. (9640) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 29.08B
Dividend Yield: 5.01%
Average Volume (3M): 38.81K
Price to Earnings (P/E): 32.5
Beta (1Y): 0.15
Revenue Growth: -11.60%
EPS Growth: -43.23%
Country: Japan
Employees: 734
Sector: Technology
Sector Strength: 61
Industry: Information Technology Services

Saison Technology Co.Ltd. Business Overview & Revenue Model

Company Description

Saison Technology Co., Ltd., a Tokyo-based company founded in 1970 and known as Saison Information Systems Co., Ltd. until April 2024, specializes in system development, operation, and software packaging across Japan. Its flagship offering is HULFT,...

How the Company Makes Money

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Saison Technology Co.Ltd. Financial Statement Overview

Summary

Strong financial resilience is driven by an exceptionally conservative balance sheet (near-zero debt, stable equity) and consistently positive free cash flow with solid earnings quality. However, revenue fell sharply in the latest year (-9.8% in 2026) and profitability/returns have trended down from 2021–2022 peaks, limiting the score despite low financial risk.

Income Statement

62Positive

Balance Sheet

92Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	21.92B	21.92B	24.38B	23.86B	23.95B	23.22B
Gross Profit	7.65B	7.65B	8.68B	7.16B	9.07B	9.82B
EBITDA	2.33B	2.33B	2.87B	1.66B	2.72B	4.18B
Net Income	1.09B	1.09B	1.51B	603.18M	1.44B	2.05B
Balance Sheet
Total Assets	21.33B	21.33B	21.43B	22.95B	21.42B	20.96B
Cash, Cash Equivalents and Short-Term Investments	12.84B	12.84B	12.83B	13.84B	13.20B	12.94B
Total Debt	4.93M	4.93M	6.66M	9.91M	13.99M	8.68M
Total Liabilities	7.20B	7.20B	7.19B	8.73B	6.67B	6.22B
Stockholders Equity	14.13B	14.13B	14.24B	14.22B	14.74B	14.75B
Cash Flow
Free Cash Flow	0	1.56B	987.74M	1.96B	1.63B	2.36B
Operating Cash Flow	0	1.75B	1.21B	2.29B	2.22B	3.25B
Investing Cash Flow	0	-394.88M	-267.84M	-764.20M	-581.21M	-876.90M
Financing Cash Flow	0	-1.46B	-1.46B	-1.46B	-1.46B	-1.50B

Saison Technology Co.Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price1795.00

Price Trends

50DMA1941.45Negative

100DMA1988.80Negative

200DMA2100.99Negative

Market Momentum

MACD-24.20Positive

RSI37.69Neutral

STOCH5.99Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9640, the sentiment is Negative. The current price of 1795.00 is below the 20-day moving average (MA) of 1939.25, below the 50-day MA of 1941.45, and below the 200-day MA of 2100.99, indicating a bearish trend. The MACD of -24.20 indicates Positive momentum. The RSI at 37.69 is Neutral, neither overbought nor oversold. The STOCH value of 5.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9640.

Saison Technology Co.Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:9640 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4709	84Outperform	JPY 34.39B	12.61	―	4.58%	2.34%	-2.26%
JP:4396	81Outperform	JPY 31.32B	16.64	―	2.12%	15.42%	27.83%
JP:3762	74Outperform	JPY 131.94B	24.78	20.55%	1.66%	11.61%	28.41%
JP:3988	74Outperform	JPY 5.80B	10.52	―	1.47%	11.55%	28.84%
JP:4725	73Outperform	JPY 33.35B	9.33	10.39%	5.06%	3.46%	6.90%
JP:9640	68Neutral	JPY 29.08B	32.51	―	5.01%	-11.60%	-43.23%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

JP:9640 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9640	Saison Technology Co.Ltd.	1795.00	13.06	0.73%
JP:3762	TechMatrix Corporation	3320.00	1192.86	56.08%
JP:4725	CAC Holdings Corporation	1975.00	-52.01	-2.57%
JP:3988	SYS Holdings Co. Ltd.	546.00	-20.62	-3.64%
JP:4396	System Support, Inc.	1507.00	24.62	1.66%
JP:4709	ID Holdings Corporation	1038.00	71.69	7.42%

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: Oct 24, 2026

Saison Technology Co.Ltd. AI Stock Analysis

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