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Japan Process Development Co., Ltd.
(9651)
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Rating:70Outperform
Price Target:
¥2,085.00
▲(9.74% Upside)
Action:Reiterated
Date:10/09/26
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.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces interest-rate exposure and financial risk, while steadily rising equity indicates retained balance-sheet strength. This gives the company flexibility to continue investing in operations and withstand periods of weaker profitability without relying heavily on external financing.
Negative Factors
Volatile operating cash flow
The sharp decline and wide variation in operating cash flow make cash generation less predictable despite continued revenue growth. Lower cash inflow can constrain internally funded investment and dividends, while making working-capital timing more important to the company’s near-term financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces interest-rate exposure and financial risk, while steadily rising equity indicates retained balance-sheet strength. This gives the company flexibility to continue investing in operations and withstand periods of weaker profitability without relying heavily on external financing.
Read all positive factors
Japan Process Development Co., Ltd. (9651) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥18.08B
Dividend Yield3.51%
Average Volume (3M)15.40K
Price to Earnings (P/E)15.9
Beta (1Y)0.59
Revenue Growth14.03%
EPS Growth-22.34%
CountryJP
Employees780
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)121.49
Shares Outstanding10,645,020
10 Day Avg. Volume23,990
30 Day Avg. Volume15,403
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
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 ...
Japan Process Development Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
91
Very Positive
Cash Flow
55
Neutral
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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
Negative
1900.00
Price Trends
1988.22
Negative
1885.32
Positive
1832.11
Positive
Market Momentum
-14.42
Positive
39.80
Neutral
18.58
Positive
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 1900 is below the 20-day moving average (MA) of 1953.30, below the 50-day MA of 1988.22, and above the 200-day MA of 1832.11, indicating a neutral trend. The MACD of -14.42 indicates Positive momentum. The RSI at 39.80 is Neutral, neither overbought nor oversold. The STOCH value of 18.58 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥31.66B | 12.51 | ― | 3.70% | 10.84% | 11.95% | |
79 Outperform | ¥22.22B | 12.11 | ― | 3.66% | 7.78% | 9.63% | |
74 Outperform | ¥5.39B | 10.17 | ― | 2.66% | 16.86% | -14.98% | |
70 Outperform | ¥18.08B | 15.94 | ― | 3.51% | 14.03% | -22.34% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ¥18.11B | 9.92 | ― | 3.40% | 12.33% | 13.11% |
* Technology Sector Average
JP:9651
Japan Process Development Co., Ltd.
1,895.00
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14.95%
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Japan Process Development Co., Ltd. Corporate Events
Japan Process Development Delivers Higher Q1 Profits and Boosts Dividend Payout
Sep 30, 2026
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...
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.