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Japan Process Development Co., Ltd. (9651) AI Stock Analysis
Japan Process Development Co., Ltd.
(TSE/TYO:9651)
The score is primarily supported by strong underlying financials—especially a very conservative, debt-free balance sheet and solid profitability with steady revenue growth. This is tempered by weaker cash-flow stability in recent periods and negative/soft technical momentum. Valuation is supportive given a reasonable P/E and a ~3.5% dividend yield.
Japan Process Development Co., Ltd. (9651) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 17.88B
- Dividend Yield
- 3.67%
- Average Volume (3M)
- 19.03K
- Price to Earnings (P/E)
- 15.3
- Beta (1Y)
- 0.58
- Revenue Growth
- 14.03%
- EPS Growth
- -22.34%
- Country
- Japan
- Employees
- 780
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Information Technology Services
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 traffic...
How the Company Makes Money
The company primarily makes money by delivering contracted IT services to clients. Key revenue streams generally include: (1) System development projects, where the company earns fees for requirements definition, design, programming, testing, and imp...
Japan Process Development Co., Ltd. Financial Statement Overview
Summary
Strong balance-sheet quality (no debt and steadily rising equity) and solid operating profitability with steady revenue growth. The main detractor is cash-flow reliability: operating and free cash flow weakened and became more volatile in 2025–2026 despite higher revenue, and net income declined in 2026 versus 2025.
Income Statement
78PositiveBalance Sheet
91Very PositiveCash Flow
55Neutral| Breakdown | TTM | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.36B | 12.12B | 10.47B | 9.47B | 8.92B | 7.95B |
| Gross Profit | 2.77B | 2.69B | 2.28B | 2.04B | 1.92B | 1.76B |
| EBITDA | 1.59B | 1.54B | 1.19B | 1.02B | 953.82M | 819.37M |
| Net Income | 1.16B | 1.14B | 1.48B | 730.51M | 682.60M | 532.84M |
Balance Sheet | ||||||
| Total Assets | 11.26B | 14.59B | 14.49B | 13.00B | 12.52B | 11.92B |
| Cash, Cash Equivalents and Short-Term Investments | 4.03B | 7.19B | 6.81B | 5.38B | 4.91B | 5.06B |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.34B | 2.97B | 3.40B | 2.54B | 2.44B | 2.25B |
| Stockholders Equity | 9.92B | 11.63B | 11.09B | 10.46B | 10.08B | 9.67B |
Cash Flow | ||||||
| Free Cash Flow | 173.89M | 173.89M | 474.50M | 968.49M | 291.04M | 536.09M |
| Operating Cash Flow | 191.16M | 191.16M | 498.89M | 1.05B | 312.37M | 572.13M |
| Investing Cash Flow | 425.62M | 425.62M | 1.03B | -291.07M | 435.90M | 259.77M |
| Financing Cash Flow | -665.79M | -665.79M | -444.41M | -347.58M | -347.34M | -386.55M |
Japan Process Development Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9651, the sentiment is Negative. The current price of 1853.00 is below the 20-day moving average (MA) of 1891.85, below the 50-day MA of 1950.28, and above the 200-day MA of 1841.52, indicating a neutral trend. The MACD of -26.00 indicates Positive momentum. The RSI at 39.04 is Neutral, neither overbought nor oversold. The STOCH value of 43.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9651.
Japan Process Development Co., Ltd. Peers Comparison
Overall Rating
JP:377182Outperform
JP:382682Outperform
JP:392179Outperform
JP:364876Outperform- JP:965170Outperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3771 | 82Outperform | JPY 31.45B | 12.46 | ― | 3.72% | 9.34% | 3.51% |
| JP:3826 | 82Outperform | JPY 5.26B | 11.55 | ― | 2.73% | 13.99% | -36.97% |
| JP:3921 | 79Outperform | JPY 22.50B | 12.05 | ― | 3.61% | 7.78% | 9.63% |
| JP:3648 | 76Outperform | JPY 17.63B | 9.54 | ― | 3.49% | 12.33% | 13.11% |
| JP:9651 | 70Outperform | JPY 17.68B | 15.25 | ― | 3.67% | 14.03% | -22.34% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9651 | Japan Process Development Co., Ltd. | 1853.00 | 137.33 | 8.00% | |
| JP:3648 | AGS Corporation | 1031.00 | -414.54 | -28.68% | |
| JP:3771 | System Research Co., Ltd. | 1881.00 | -72.04 | -3.69% | |
| JP:3826 | System Integrator Corp. | 477.00 | 0.38 | 0.08% | |
| JP:3921 | NEOJAPAN Inc. | 1606.00 | -158.85 | -9.00% |
Japan Process Development Co., Ltd. Corporate Events
Japan Process Development Delivers Higher Q1 Profits and Boosts Dividend Payout
Japan Process Development Co., Ltd. reported solid consolidated results for the first quarter of the fiscal year ending May 31, 2027, with net sales rising 8.6% year-on-year to ¥2,989 million and operating profit increasing 11.9% to ¥382 mi...
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 09, 2026