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Japan Process Development Co., Ltd.
(9651)
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Rating:78Outperform
Price Target:
¥2,296.00
▲(20.84% Upside)
Action:Reiterated
Date:07/09/26
Overall score is driven primarily by solid financial strength (notably zero debt and steady revenue growth) tempered by weaker and more volatile recent cash generation. Technicals add support via a clear uptrend and positive momentum, while valuation is reasonable with a moderate P/E and a ~2.83% dividend yield.
Positive Factors
Conservative balance sheet
Zero debt and rising equity materially reduce financial risk and interest-rate sensitivity. This durable capital structure preserves strategic optionality for hiring, client investments, or M&A, and improves resilience through economic cycles over the next 2–6 months and beyond.
Negative Factors
Volatile cash generation
Large swings and recent weakness in operating cash flow reduce the predictability of free cash flow and constrain the company's ability to fund growth, shore up working capital, or sustain dividends without drawing on reserves or delaying investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero debt and rising equity materially reduce financial risk and interest-rate sensitivity. This durable capital structure preserves strategic optionality for hiring, client investments, or M&A, and improves resilience through economic cycles over the next 2–6 months and beyond.
Read all positive factors
Japan Process Development Co., Ltd. (9651) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.83B
Dividend Yield3.27%
Average Volume (3M)17.52K
Price to Earnings (P/E)17.7
Beta (1Y)0.56
Revenue Growth15.72%
EPS Growth-23.07%
CountryJP
Employees780
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)117.49
Shares Outstanding10,645,020
10 Day Avg. Volume15,440
30 Day Avg. Volume17,516
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.41
Price to Sales (P/S)1.35
P/FCF Ratio94.16
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)N/A
Revenue Forecast (FY)N/A
Japan Process Development Co., Ltd. Business Overview & Revenue Model
Company Description
Japan Process Development Co., Ltd. provides system integration and software development services in Japan. The company develops control systems, such as power plant monitoring and control, automated power distribution, bullet and local train traf...
How the Company Makes Money
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Japan Process Development Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
91
Very Positive
Cash Flow
55
Neutral
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.12B | 10.47B | 9.47B | 8.92B | 7.95B |
| Gross Profit | 2.69B | 2.28B | 2.04B | 1.92B | 1.76B |
| EBITDA | 1.54B | 1.19B | 1.02B | 953.82M | 819.37M |
| Net Income | 1.14B | 1.48B | 730.51M | 682.60M | 532.84M |
Balance Sheet | |||||
| Total Assets | 14.59B | 14.49B | 13.00B | 12.52B | 11.92B |
| Cash, Cash Equivalents and Short-Term Investments | 7.19B | 6.81B | 5.38B | 4.91B | 5.06B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.97B | 3.40B | 2.54B | 2.44B | 2.25B |
| Stockholders Equity | 11.63B | 11.09B | 10.46B | 10.08B | 9.67B |
Cash Flow | |||||
| Free Cash Flow | 173.89M | 474.50M | 968.49M | 291.04M | 536.09M |
| Operating Cash Flow | 191.16M | 498.89M | 1.05B | 312.37M | 572.13M |
| Investing Cash Flow | 425.62M | 1.03B | -291.07M | 435.90M | 259.77M |
| Financing Cash Flow | -665.79M | -444.41M | -347.58M | -347.34M | -386.55M |
Japan Process Development Co., Ltd. Technical Analysis
Positive
1900.00
Price Trends
1957.20
Positive
1852.41
Positive
1802.32
Positive
Market Momentum
28.14
Negative
58.79
Neutral
57.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9651, the sentiment is Positive. The current price of 1900 is below the 20-day moving average (MA) of 2023.55, below the 50-day MA of 1957.20, and above the 200-day MA of 1802.32, indicating a bullish trend. The MACD of 28.14 indicates Negative momentum. The RSI at 58.79 is Neutral, neither overbought nor oversold. The STOCH value of 57.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9651.
Japan Process Development Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥31.95B | 12.38 | ― | 3.66% | 10.84% | 11.95% | |
82 Outperform | ¥5.46B | 10.27 | ― | 2.62% | 16.86% | -14.98% | |
79 Outperform | ¥22.64B | 12.25 | ― | 3.59% | 9.76% | 19.47% | |
78 Outperform | ¥19.83B | 17.69 | ― | 3.27% | 15.72% | -23.07% | |
71 Outperform | ¥18.62B | 10.08 | ― | 3.12% | 12.33% | 13.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:9651
Japan Process Development Co., Ltd.
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-17.23%
Japan Process Development Co., Ltd. Corporate Events
Japan Process Development Delivers Strong Revenue Growth but Lower Profit in FY2026
Jul 7, 2026
Japan Process Development reported strong top-line growth for the fiscal year ended May 31, 2026, with net sales climbing 15.7 percent to ¥12,119 million and operating profit jumping 31.8 percent to ¥1,509 million, improving its operatin...
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.